Spore Employers Fire More Workers Than Govt Had Estimated

Yxxxone SG

http://www.bloomberg.com/apps/news?pid=20601068&sid=awmDi5LQcTeY

Singapore Employers Fire More Workers Than Initially Estimated

By Shamim Adam

June 15 (Bloomberg) -- Singapore employers fired more workers than initially estimated last quarter and total employment contracted for the first time in almost six years as slumping production and exports led manufacturers to cut jobs.

The Southeast Asian nation’s seasonally adjusted unemployment rate rose to 3.3 percent from 2.5 percent in the previous quarter, the Ministry of Manpower said today. A record 12,760 were made redundant last quarter, more than an April 30 estimate of 12,600 workers.

Singapore’s government said last month the nation may have “hit the bottom” of its deepest recession since independence in 1965. Manufacturers have cut jobs as the island’s exports dropped for 12 consecutive months in an economy forecast by the International Monetary Fund to be Asia’s weakest this year.

“Falling external demand has severely affected the manufacturing sector,” the government said. “The cutback in the manufacturing industry, along with employment losses in the external-oriented services industries, more than offset gains in the domestic-oriented services and construction sectors.”

Employers fired 10,900 workers, and another 1,860 were released from their contracts early between January and March. The jobless rate is the highest in more than three years, and economists in a central bank survey published last week predict unemployment will reach 4.2 percent at the end of 2009.

The manufacturing industry lost 22,100 jobs, while service industries added 7,500 new positions last quarter, the report showed. Construction companies hired 8,300 new workers, resulting in a total net loss of 6,200 jobs in the first three months of 2009, the report said.

Average wages before adjusting for inflation fell 3.7 percent in the first quarter from a year earlier, the ministry said, after rising 2.4 percent in the previous three-month period. That was the first decline in 6 1/2 years, the ministry said.

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Fire Cracker SG

singaporean is being fired.

foreign untelanted is kept.

I happened to get one freak foreigner pay slip who he throw on the floor of my office door way.

Freaking 2.6K, having an unrecognised degree from pakistan. and an NTC2 from singapore.

why is company giving these freaks high pay?

Damn something must be wrong with singapore's company. or is it the government.

reyes SG

well, since we have a govt that pro employers more than employees, this is what we should be expecting.

at least this govt is paying employers few hundreds to save our ass ( job credit scheme) which foreigners dont enjoy.

sgN00b SG

well, since we have a govt that pro employers more than employees, this is what we should be expecting.

at least this govt is paying employers few hundreds to save our ass ( job credit scheme) which foreigners dont enjoy.

Just forget it bah, some people in this forum are always blaming everything bad happened to foreigners...

If Singapeans are all so great and talented, there will be no places for foreigners at the first place.

ditzy SG

Its ok, its not like they got anything right anyway.

Ah Chia SG

Just forget it bah, some people in this forum are always blaming everything bad happened to foreigners...

If Singapeans are all so great and talented, there will be no places for foreigners at the first place.

SgN00b, you come to this Sgforums and criticise us Singaporeans but you refuse to reveal your country of origin.

I think that is quite unfair, because if you don't reveal your country how can we retaliate?

We must be fair, you want to come here and criticise Singapore and Singaporeans, you must also reveal from where you are from so we can have a chance to response.

That is fair in my opinion.

What you are doing now is unfair, not fair.

sgN00b SG

SgN00b, you come to this Sgforums and criticise us Singaporeans but you refuse to reveal your country of origin.

I think that is quite unfair, because if you don't reveal your country how can we retaliate?

We must be fair, you want to come here and criticise Singapore and Singaporeans, you must also reveal from where you are from so we can have a chance to response.

That is fair in my opinion.

What you are doing now is unfair, not fair.

Har? How old are you man? You still think everything must be fair in this world? There is no such thing call fair, ok?

Do I need to get a license from you to criticise some of the Singaporeans?

Or I have to claimed that I am a Singaporean (The TRUE BLOOD ones, lol), and I must blame everything to foreigners just like you guys?

Where am I from really that matters those matters? Oh come on, grow up man...

Ah Chia SG

But why you shy about revealing your country of origin?

You come here criticise Singapore, criticise Singaporeans, defend foreigners but shy about revealing where you are from.

That to me is very odd.

the Bear SG

i want to ask a question before the flamewar starts..

if the gabrament stops the employers from retrenching or firing workers, will you idiots be here ranting about how heavy handed the gabrament is and "loss of freedoms" ?

sgN00b SG

But why you shy about revealing your country of origin?

You come here criticise Singapore, criticise Singaporeans, defend foreigners but shy about revealing where you are from.

That to me is very odd.

I am not shy about this. ok?

I think if you forget yourself as a Singaporean for a few minutes to see a bigger and clearer picture about what is going on those there... maybe you can concentrate on the matter a bit more by that....

I don't know what have foreigners done to you, but you cannot blame everything to all the foreigners in Singapore... that's not logical... and "unfair"... haha...

dadeadman1337 SG

I am not shy about this. ok?

I don't know what have foreigners done to you, but you cannot blame everything to all the foreigners in Singapore... that's not logical... and "unfair"... haha...

Well said. If the complainers are so good, how can foreigners steal jobs, unless you're working in a crap one. 自己没本事不要怪别人

dalim1966sg SG

Well said. If the complainers are so good, how can foreigners steal jobs, unless you're working in a crap one. 自己没本事不要怪别人

Dont talk craps here, fucking pariah !!

AndrewPKYap SG

The damned cursed despots are bringing in all these foreigners for their own benefits and the benefits of their cronies and not the benefit of Singaporeans. There are many ways to solve the problems without resorting to bringing foreigners here.