Retrenchment

Released on 31 Jan 2019 By MOM

​Summary Table: Retrenchment

Retrenchment refers to the termination of permanent employees due to redundancy and early termination of term contract employees due to redundancy.

Data on retrenchment are useful in monitoring the impact of an economic downturn or restructuring on workers and in identifying industries which are re-structuring or ailing.

Retrenchment

Number

Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Annual 16,880 23,430 9,800 9,990 11,010 11,560 12,930 15,580 19,170 14,720 11,020p 1st Qtr 2,420 12,760 2,400 2,750 2,600 2,120 3,110 3,500 4,710 4,000 2,320 2nd Qtr 1,880 5,980 2,280 2,020 2,210 3,080 2,410 3,250 4,800 ​3,640 3,030

3rd Qtr ​3,180 2,470 1,930 1,960 2,850 2,710 3,500 3,460 4,220 3,400 2,860

4th Qtr 9,410 2,220 3,190 3,250 3,350 3,660 3,910 5,370 5,440 3,680 2,800p

No.of Retrenchments Per 1,000

Employees 10.6 14.2 5.7 5.5 5.8 5.8 6.3 7.4 8.9 7.0 5.2p

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​ Latest figures published in: Labour Market Advance Release

Notes:

Data pertain to private sector establishments (each with at least 25 employees) and the public sector.

Data are rounded to the nearest 10. Hence, they may not add up to the total.

p = Preliminary

n.a. = Not available

Retrenchment of Permanent Employees

Number

Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 

Annual 13,920 20,160 7,740 8,350 9,670 10,540 10,910 13,440 16,810 12,880 9,980p 1st Qtr 2,270 10,900 1,800 2,380 2,280 2,010 2,590 2,940 4,090 3,480 2,050 2nd Qtr 1,800 5,170 2,010 1,630 1,970 2,820 2,010 2,900 4,400 3,120 2,760 3rd Qtr 2,350 2,110 1,440 1,410 2,430 2,390 3,110 2,760 3,520 2,920 2,560 4th Qtr 7,500 1,980 2,480 2,940 2,990 3,320 3,200 4,850 4,810 3,350 2,600p

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​ Latest figures published in: Labour Market Advance Release

Notes:

Data pertain to private sector establishments (each with at least 25 employees) and the public sector.

Data are rounded to the nearest 10. Hence, they may not add up to the total.

p = Preliminary

n.a. = Not available

Retrenchment of Term Contract Employees

Number

Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 

Annual 2,970 3,270 2,070 1,640 1,340 1,030 2,020 2,140 2,360 1,840 1,040p 1st Qtr 140 1,860 600 370 320 120 520 570 620 510 270  2nd Qtr 90 810 270 390 250 260 390 350 400 520 270 

3rd Qtr 830 350 490 560 420 320 390 700 710 480 300 

4th Qtr 1,910 250 710 320 360 330 710 520 630 330 200p

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​ Latest figures published in: Labour Market Advance Release

Notes:

Data pertain to private sector establishments (each with at least 25 employees) and the public sector.

Data are rounded to the nearest 10. Hence, they may not add up to the total.

p = Preliminary

n.a. = Not available

CREDITS : https://stats.mom.gov.sg/Pages/Retrenchment-Summary-Table.aspx?fbclid=IwAR0ZzOvgOIKTm-jNVt1aOibUh3QRV-x2Qk6Aef4b8Tzvt3xfolXHbF38vW4