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Weaker job market as employers turn cautious

There could be higher retrenchment, says Acting Manpower Minister Gan Kim Yong. -ST

Tue, Nov 04, 2008
The Straits Times

By Jessica Lim

THE job market, already beset by worries over the economy, could turn worse over the next few months, resulting in more Singaporeans losing their jobs.

This is because employers could turn more cautious as a global slowdown takes hold, said Acting Minister for Manpower Gan Kim Yong yesterday.

Speaking after the Singapore Hotel Association's (SHA) annual awards ceremony held at the National University of Singapore Cultural Centre, Mr Gan said: 'I think, overall, the job market will continue to weaken towards the end of the year as businessmen turn more cautious.

 

 


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