<TABLE border=0 cellSpacing=0 cellPadding=0 width=560><TBODY><TR><TD vAlign=top width=550 colSpan=2>Seagate layoffs 'a reality check for S'poreans' <!-- TITLE : end--><!--
Challenges still lie ahead despite signs of economic recovery: Gan Kim Yong. -ST --></TD></TR><TR>
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</TD></TR><TR><TD class=content_subtitle align=left>Thu, Aug 06, 2009
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right> </TD><TD height=15>
</TD><TD vAlign=top align=right><FORM method=post name=emailToFriendForm action=emailToFriend.jsp><INPUT value=/vgn-ext-templating/asiaone/emailToFriend.jsp?vgnextoid=e11a7ea15bce2210VgnVCM100000430a0a0aRCRD&vgnextchannel=6c2523b606d2a110VgnVCM100000bd0a0a0aRCRD type=hidden name=emailToFriendPageURL> <INPUT value=http://www.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20090806-159411.html type=hidden name=emailToFriendStoryLink>
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SEAGATE'S decision to lay off 2,000 workers at its hard-disk plant is a stark reminder to Singaporeans that 'we must not be prematurely optimistic' about an economic recovery, said Manpower Minister Gan Kim Yong yesterday.
But at the same time, Singaporeans need not be disheartened by the news, he added, pointing to 25,000 job openings yet to be filled and the hiring blitz by the two integrated resorts in the coming months.
<TABLE border=0 cellSpacing=2 cellPadding=2 width=300 align=right><TBODY><TR><TD><SCRIPT language=JavaScript src="/static/ads/scripts/adsimu.js"></SCRIPT><!-- AdSpace 300X250 A1-STI IMU --><SCRIPT language=JavaScript1.1 type=text/javascript src="http://ads.asia1.com.sg/js.ng/site=tasiaonenews&sec=asiaonea1news&pagepos=1&size=300X250"></SCRIPT><NOSCRIPT></NOSCRIPT><!-- /AdSpace -->http://ads.asia1.com.sg/event.ng/Ty...=1&size=300X250&Redirect=http://www.razor.tv/</TD></TR></TBODY></TABLE>Mr Gan's comments come 24 hours after the American multinational announced that 2,000 workers will be retrenched by the end of next year when its Ang Mo Kio plant is closed.
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Challenges still lie ahead despite signs of economic recovery: Gan Kim Yong. -ST --></TD></TR><TR>
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right> </TD><TD height=15>
SEAGATE'S decision to lay off 2,000 workers at its hard-disk plant is a stark reminder to Singaporeans that 'we must not be prematurely optimistic' about an economic recovery, said Manpower Minister Gan Kim Yong yesterday.
But at the same time, Singaporeans need not be disheartened by the news, he added, pointing to 25,000 job openings yet to be filled and the hiring blitz by the two integrated resorts in the coming months.
<TABLE border=0 cellSpacing=2 cellPadding=2 width=300 align=right><TBODY><TR><TD><SCRIPT language=JavaScript src="/static/ads/scripts/adsimu.js"></SCRIPT><!-- AdSpace 300X250 A1-STI IMU --><SCRIPT language=JavaScript1.1 type=text/javascript src="http://ads.asia1.com.sg/js.ng/site=tasiaonenews&sec=asiaonea1news&pagepos=1&size=300X250"></SCRIPT><NOSCRIPT></NOSCRIPT><!-- /AdSpace -->http://ads.asia1.com.sg/event.ng/Ty...=1&size=300X250&Redirect=http://www.razor.tv/</TD></TR></TBODY></TABLE>Mr Gan's comments come 24 hours after the American multinational announced that 2,000 workers will be retrenched by the end of next year when its Ang Mo Kio plant is closed.
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