Its been on an uptrend for five years.
Redundancies rose amidst business restructuring in 4Q15, according to a report by the Ministry of Manpower (MOM). There were 4,200 workers laid off during the quarter, which is higher than 4Q14s 3,910.
Redundancies climbed to 14,400 in the whole of 2015, continuing an uptrend since 2010. MOM asserted that this growth in layoffs stemmed from manufacturing services.
Meanwhile, nominal median monthly income of full-time employed citizens (including employer CPF contributions) climbed 6.5% over the year to $3,798 in June 2015, or 7% in real terms.
MOM also noted that there was a sustained rise in income at the median and 20th percentile over the last five years. The average salary of full-time…
Read the full article at: http://sbr.com.sg/hr-education/news/layoffs-spike-in-4q15-4200-amidst-business-restructuring