6 in 10 retrenched workers who found jobs earned more than before: Jasmin Lau

Among retrenched workers who re-entered employment, about six in 10 earned more than before their retrenchment at both at the 12- and 24-month marks, said Acting Minister for Manpower Jasmin Lau in parliament on Tuesday (Oct 6).

However, older retrenched professionals, managers, executives and technicians (PMETs) had lower re-entry rates. Ms Lau added that among those earning less, the median wage reduction was around 25 per cent of pre-retrenchment wages. #singapore #sgnews

Subscribe to our channel here: https://cna.asia/youtubesub

Visit our website: https://cna.asia
Download our app: https://cna.asia/app

Get our editors' picks of stories via chat apps:
Telegram: https://cna.asia/telegram
WhatsApp: https://cna.asia/whatsapp

Follow us on these platforms:
https://www.facebook.com/channelnewsasia
https://www.instagram.com/channelnewsasia
https://www.tiktok.com/@channelnewsasia