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Redundancy and Re-employment 2009 Report


As the economy emerged from the recession, redundancies fell from the record high in the first quarter of 2009 to pre-recession quarterly levels in the last quarter of the year. Despite an increase in 2009, the incidence of redundancy remained well below that in previous recession levels, reflecting the impact of the Resilience Package and concerted tripartite efforts in saving jobs. Re-employment improved after hitting a low in the middle of the year, though re-employment for the year was still lower than in 2008. These are the key findings from the "Redundancy and Re-employment, 2009" released by the Ministry of Manpower’s (MOM) Manpower’s Research and Statistics Department.
For more information on the report, you may visit Ministry of Manpower website via the following link.