Redundancies up in Q3, employment growth rates hold steady: MOM
Rise attributed to business restructuring; more than half from services
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Lee U-Wen
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Singapore
THE number of workers made redundant in Singapore went up in the third quarter of 2014 to 3,400, in what the Ministry of Manpower (MOM) describes as a sign of the ongoing effects of business restructuring.
This figure is higher than the 2,410 workers affected in the second quarter, and the 2,710 laid off in the third quarter of 2013, MOM's Manpower Research and Statistics Department said in its latest employment situation report on Friday.
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