Retrenchments rise, vacancies fall as job market turns soft : Manufacturing sector worst hit; trade war may be taking its toll, say economists
Retrenchments rose in the first quarter of the year as the manufacturing sector shed staff, after likely being hit by the escalating trade war between the United States and China.
Job vacancies also dropped for the first time in two years, leading economists to believe this marks a turn in the employment cycle, with the labour market turning soft. Jobs may be harder to find and hold on to in the months ahead.
The number of retrenched workers stood at 3,230, up from 2,510 in the pre...