GgoogleSG first seen 48 min ago, last 3 min ago, peak #1
Retrenched Singapore Professionals Returning to Work Face 25% Pay Cuts
Original: retrenchment singapore
New figures from Singapore show that retrenched PMETs — professionals, managers, executives and technicians — who find new jobs at lower salaries face a median wage cut of 25%. The Business Times reported the data, highlighting how difficult it is for displaced white-collar workers to return to previous pay levels. The finding has drawn attention amid concern over job losses and hiring conditions in the city-state.
Why now: Concern over retrenchments and weaker re-employment prospects for Singapore's white-collar workers
SingaporePMETsThe Business TimesMinistry of Manpower
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Evidence
- Retrenched PMETs who return on lower pay see median 25% wage cut · The Business Times
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