Singapore's Ministry of Manpower [MOM] released some sombre retrenchment statistics on 24 April. PMETs, whose jobs were once regarded as one of the most secured in Singapore, are now considered most at risk. In 2013, retrenchment of PMETs rose by 5% when compared to 2012. In figure terms, some 11 560 PMETs were laid off. They made up of 56% of those who lost their jobs in 2013.
MOM voiced concern over retrenched PMETs 'taking longer to secure re-entry into employment.' Those aged 50 and above have the hardest time finding gainful employment.
On the brighter side, MOM and employment experts assured Singaporeans that unemployment rate was still low. National Employers Federation President said those retrenched PMETs should be able to find work provided they were not choosy. Re-skilling and acquiring an additional or a further academic qualification would be an added asset and advantage when job searching.
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