Almost 13,000 workers laid off in 2014 as more businesses restructure

Mostly from the services and construction sectors.

Data released today by the Ministry of Manpower (MoM) showed that the number of laid-off workers rose to 12,800 in 2014, an increase of 10.7% from the 11,560 redundancies recorded in 2013.

According to the MoM, the increase in redundancies was brought about by business restructuring in the services and construction sectors.

A total of 7,1000 workers were made redundant in the services sector, up 30.8% from 5,430 workers in 2013. Meanwhile, 1,500 workers were laid off in the construction sector, up from 1,120 redundancies last year.

Redundancies in the manufacturing sector declined from 5,000 to 4,200. For the whole of 2014, the overall unemployment rate was pegged at 2.0%, broadly unchanged from 2013 figures.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia