Singapore retrenched PMETs face prolonged job search: 1 in 5 still jobless after 2 years; 4 in 10 take 25% pay cuts when they return for work
Summary One in five retrenched resident professionals, managers, executives and technicians (PMET) stayed unemployed two years after losing their jobs. Four in 10 PMETs who returned to work earned less than before, with a median wage reduction of 25%. Singapore recorded 4,620 retrenchments in the second quarter of 2026, the highest quarterly total since the fourth quarter of 2020. SINGAPORE:…
In Singapore, the fate of retrenched professionals is often one of prolonged unemployment and reduced pay. One in five retrenched resident professionals, managers, executives, and technicians (PMET) remained jobless two years after losing their positions, according to government figures. When they did find work again, four in 10 earned less than before, with a median wage cut of 25%.
The second quarter of 2026 saw the highest number of retrenchments since 2020, with 4,620 dismissals. Older PMETs face a more challenging job market, with age and education playing a significant role in their success upon re-entering the workforce. Despite career support programs, half of those retrenched in their 40s and 50s did not see their earnings return to previous levels.
While career conversion programs and retraining initiatives help some, they are not a guarantee of long-term job security, especially in sectors undergoing rapid change. The government is considering stricter rules on retrenchment benefits for larger employers, aiming to protect both workers and businesses in an evolving job market.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
