Workers Retrenched in 2014

Debated in Parliament on 11 May 2015.

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Gerald Giam Yean Song asked the Minister for Manpower for a breakdown of the 12,930 workers laid off in 2014 by citizenship and Permanent Resident status, and for data on retrenchment benefits received by residents.
Lim Swee Say responded that 7,240 (56%) of those laid off were residents, a proportion lower than their two-thirds share of the workforce, and noted that data on specific retrenchment benefit amounts is not available.
The Minister added that the government and tripartite partners are assisting laid-off locals with reskilling and noted the low resident long-term unemployment rate of 0.6%.

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Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked the Minister for Manpower (a) of the 12,930 workers laid off in 2014, how many were (i) citizens and (ii) Permanent Residents; and (b) of the residents (citizens and Permanent Residents), how many received retrenchment benefits over and above notice period pay that are equivalent to their last drawn salary of (i) more than six months; (ii) between four and six months inclusive; (iii) between one and three months inclusive; (iv) less than one month; and (v) none at all.

Lim Swee Say

Fewer residents were laid off in 2014, compared to 2013. Of the 12,930 workers laid off in 2014, 7,240 or 56% were residents. This is lower than their two-thirds representation in the workforce. Data on the retrenchment benefits paid to this group is not available.

As the economy restructures, some consolidation and exit of businesses will take place. The Ministry of Manpower, Workforce Development Agency and the tripartite partners stand ready to help locals who have been laid off to reskill and upgrade, to put them in a good position to take on new jobs. The resident long-term unemployment rate, reflecting those who have been unemployed for 25 weeks or more, has been low at 0.6% and is among the lowest globally.

Page: 132

Summary written by AI (learn more)

Gerald Giam Yean Song asked the Minister for Manpower for a breakdown of the 12,930 workers laid off in 2014 by citizenship and Permanent Resident status, and for data on retrenchment benefits received by residents.
Lim Swee Say responded that 7,240 (56%) of those laid off were residents, a proportion lower than their two-thirds share of the workforce, and noted that data on specific retrenchment benefit amounts is not available.
The Minister added that the government and tripartite partners are assisting laid-off locals with reskilling and noted the low resident long-term unemployment rate of 0.6%.

Questions identified by AI (learn more)

Workers Retrenched in 2014 | PAPERCUTS

Workers Retrenched in 2014

Debated in Parliament on 11 May 2015.

Summary written by AI (learn more)

Gerald Giam Yean Song asked the Minister for Manpower for a breakdown of the 12,930 workers laid off in 2014 by citizenship and Permanent Resident status, and for data on retrenchment benefits received by residents.
Lim Swee Say responded that 7,240 (56%) of those laid off were residents, a proportion lower than their two-thirds share of the workforce, and noted that data on specific retrenchment benefit amounts is not available.
The Minister added that the government and tripartite partners are assisting laid-off locals with reskilling and noted the low resident long-term unemployment rate of 0.6%.

Questions identified by AI (learn more)

Full Transcript

Gerald Giam Yean Song

Lim Swee Say

Page: 132

Summary written by AI (learn more)

Gerald Giam Yean Song asked the Minister for Manpower for a breakdown of the 12,930 workers laid off in 2014 by citizenship and Permanent Resident status, and for data on retrenchment benefits received by residents.
Lim Swee Say responded that 7,240 (56%) of those laid off were residents, a proportion lower than their two-thirds share of the workforce, and noted that data on specific retrenchment benefit amounts is not available.
The Minister added that the government and tripartite partners are assisting laid-off locals with reskilling and noted the low resident long-term unemployment rate of 0.6%.

Questions identified by AI (learn more)

Workers Retrenched in 2014

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Lim Swee Say

Summary

Questions Identified

Workers Retrenched in 2014

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Lim Swee Say

Summary

Questions Identified