{
  "id": 12311176,
  "title": "Retrenched PMETs who return on lower pay see median 25% wage cut",
  "url": "https://urgent.news/2026/10/06/retrenched-pmets-who-return-on-lower-pay-see-median-25-wage-cut",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T05:15:58.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/economy-policy/retrenched-pmets-who-return-lower-pay-see-median-25-wage-cut"
  },
  "original_language": "en",
  "account": "Retrenched resident professionals, managers, executives and technicians (PMETs) from the financial services sector have frequently encountered poorer re-employment outcomes, with overall PMETs who return to work earning less experiencing a median pay cut of around 25 percent. Over the past 14 quarters, the six-month re-entry rate for retrenched PMETs in financial services was consistently the lowest, followed by those in wholesale trade. Acting Minister for Manpower Jasmin Lau informed Parliament on October 6 that about seven out of 10 retrenched PMETs found employment within a year, rising to around eight out of 10 within two years. However, older retrenched PMETs had lower re-entry rates at both milestones.",
  "summary": "Those in financial services have the lowest six-month re-entry rate over the last 14 quarters",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}