Highest retrenchment percentage for PMETs at 75.8 per cent with 34 per cent being in the 40 to 49 age bracket
, released by the Ministry of Manpower on Thursday , shows that the proportion of PMET retrenchment has hit an all-time high while the number of foreigners on S-Pass has increased.
2018’s PMET retrenchment percentage of 75.8 per cent is the highest proportion of PMET retrenchment since the MOM first made such data publicly available in 2006. MOM’s latest labour market report also shows that the majority of retrenched residents were above the age of 40. Retrenched residents between the ages of 40 and 49 made up 34 per cent of all retrenchments while retrenched residents aged 50 and above made up 33.6 per cent of all retrenchments.
Meanwhile, MOM’s data shows that the number of S-Pass holders has increased and that the number of foreign S-Pass holders grew by 11,100 across all sectors.“The increase was led by the Services sector, with the highest growth seen in Administrative & Support Services, Food Services, Information & Communications, Professional Services, and Transportation & Storage.”
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