Malaysians in Singapore May Lose Jobs

Malaysians working in Singapore may lose their jobs through retrenchments and lay offs in the next coming few months as the country is hoovering into recession.

That is the advice of Malaysia’s HR Minister, Datuk Dr. S Subramaniam who is asking Malaysian citizens in the neighboring country to prepare for the worst.

All is not well at the moment as data released by the Singapore’s Ministry of Trade and Industry indicated that Singapore will be the first country in Asia to slump into technical recession.

Like many other countries, the economy is not looking too good for Singapore and this potentially can lead to job loss and increase in unemployment.  There are currently some 300,000 Malaysians working in Singapore, which represent about 30% of the overall foreign workforce in the country. The 300,000 figure is made up of professionals, skilled and unskilled labours working in various industries including manufacturing, banking and finance, services, IT and oil and gas.

Other posts you may want to read:

1. 10,000 Jobs For Retrenched Malaysians
2. Job Loss in UK to Hit a Million
3. Singapore Out of Recession
4. More Australians Joining the Army
5. Welcome Japan to Recession
6. It’s Germany Now In Recession
7. Retrenchment Figure Can Reach 200,000
8. Singapore Slumps Into Recession

Author's bio: Zul is the founder and principal contributor for the SKOR Career blog. He is the author of two books, The Malaysian Job Seeker's Dilemma and Buat Duit Tanpa Kerja Makan Gaji (How to Make Money Without a Job), available in major book stores nationwide. You can reach him at zulkiflimusa[at]gmail.com.