Ministry of Manpower
The Ministry of Manpower is a ministry of the Government of Singapore which is responsible for the formulation and implementation of labour policies related to the workforce in Singapore.
See below for the Latest Ministry of Manpower News, Analysis, Profit Results, Share Price Information, and Commentary.
COTD: Retrenched employees rise in Q2 amidst business restructuring efforts
COTD: Retrenched employees rise in Q2 amidst business restructuring efforts
The number of retrenched employees in Q2 was 3,270.
S Pass and EP holders decline in Q2
Tougher policies attributed to decline.
Gig workers to get housing, retirement adequacy with new bill
If passed, it will take effect on 1 January 2025.
Singapore sees stronger employment growth in Q2 2024
The number of employed individuals rose by 11,300.
Singapore jobs market expands in Q1 as more residents land jobs
Vacancies rose to 81,900 in March from 79,800 at the end of last year.
Singapore to enhance safety and retirement for gig workers
The country will become the first in the world to introduce such measures.
Gov't to roll out support scheme for retrenched workers late 2024
The government is finalising the details of the scheme.
Red Crowns Senior Living faces fines for Employment Act violations
The MOM found "illegal employment practices" in the firm's previous operating model.
Which industry has the most job vacancies?
Those that went into new job functions accounted for 24.4% of new positions.
Job vacancies hit 6-year high with 47.3%
Singapore's labour vacancy surged 47.3% in 2023, highest since 2018's 41.8%.
Singapore produced 88,400 jobs in 2023
The surge was attributed to a rise in foreign manpower employment.
MOM approves over 4,000 ONE PASS applications
The government introduced the work pass framework in January 2023.
Workforce Singapore to launch Overseas Markets Immersion Programme
The programme will fund companies to build a globally oriented team.
Singapore raises retirement and reemployment ages
The first increase will happen in 2026.
Retrenchments soar to 14,320 in 2023
Business re-organisation or restructuring remained the top reason for retrenchments last year.
Gov’t to review Progressive Wage Credit Scheme
The scheme provides up to 75% support for wage increases given to eligible lower-wage workers.
Retrenchments rise to 4,110 in 3Q23
The Ministry of Manpower attributed the majority of the increase to the Wholesale Trade sector.
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