Laid-off workers inched up 10% to 11,000 in 2012

Guess which sector saw redundancies rise.

According to Ministry of Trade and Industry's Economic Survey of Singapore 2012, layoffs increased in the fourth quarter to 3,400, from 2,850 in the preceding quarter and 3,250 in the fourth quarter of 2011.

For the full year of 2012, an estimated 11,000 workers were made redundant, higher than the 9,990 in 2011. Redundancies rose in the overall services sector (from 4,430 in 2011 to 6,400), but fell in the manufacturing (from 4,460 to 3,900) and construction (from 1,050 to 700) sectors.

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