The Business Times
business-time-50
SUBSCRIBERS

PMET job cuts mostly in sectors going through restructuring

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Mon, Apr 1, 2019 · 09:50 PM

    Singapore

    NEARLY two-thirds of professionals, managers, executives and technicians (PMET) layoffs in 2018 happened in sectors undergoing restructuring, said Minister for Manpower Josephine Teo on Monday.

    The ministry is also closely monitoring certain PMET segments, such as older job seekers and the long-term unemployed, she added, noting that the resident long-term unemployment rate for PMETs was 0.8 per cent.

    Unemployment

    TRENDING NOW

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report.

    Executive assistants making US$100,000 a year are losing jobs to AI

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More