More 'forceful' help expected for vulnerable PMETs: DBS economist

Singapore

MORE "forceful policy measures" are expected to tackle the rising vulnerability of professionals, managers, executives and technicians (PMETs) in the upcoming Singapore Budget 2019, according to a report by DBS. This comes as PMETs have become an "exceptionally vulnerable" segment of the labour force amid slowing growth momentum, observed DBS senior economist and author of the report Irvin Seah.

For the past nine years, the percentage share of PMETs among all retrenched workers has been rising, with the share of PMETs now surpassing that for lower skilled workers.