Bloomberg.com, 30 Apr 2009, Shamim Adam
April 30 (Bloomberg) -- Singapore employers fired a record number of workers last quarter as the nation’s deepest recession since independence in 1965 forced manufacturers to cut output.
The Southeast Asian nation’s seasonally adjusted unemployment rate rose to 3.2 percent from a revised 2.5 percent in the previous quarter, the Ministry of Manpower said today. Employers retrenched 10,800 workers, and another 1,800 were released from their contracts early, bringing total job cuts to 12,600.
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