Serious Zorro: No Retrenchment, I Worry! Retrenchment = Productivity & Innovation!

[JohnTan]

The turbulence in the job market of the past year and a half is an inevitable effect of Singapore's shift towards quality growth, said Manpower Minister Lim Swee Say yesterday.

"I hope what we are going through in the last 18 months is just a transition from manpower-driven growth into a future of growth driven by productivity and innovation," he said.

He was speaking to reporters yesterday at a career fair, where he launched two new programmes to help workers join the hotel sector and carve out better careers in it.


Labour market figures released a week ago show rising unemployment, layoffs at a seven-year high, and job seekers outnumbering job vacancies for the first time in four years.

Mr Lim said that although the economic situation may look dismal as a result of companies restructuring amid global headwinds, Singapore must push on with efforts to boost productivity and innovation in order to drive growth.

"There will be disruptions, there will be retrenchments, there will be downsizing in some sectors," he said. "But on the whole, it is not our objective to make low growth a new normal in the Singapore economy. Rather, this is hopefully just a transition period as we pursue quality-driven growth of 2 to 3 per cent in the medium term."

He acknowledged that a growing number of Singaporeans are concerned unemployment will rise further, but said the solution to this was not simply to create more jobs.

"If we are not careful, unemployment might go up not because we don't have enough jobs but because there is a mismatch between jobs and skills," he said. "We want to minimise this mismatch.





http://www.straitstimes.com/singapo...part-of-transition-to-quality-growth-swee-say

 

[garlic]

For someone so highly paid, he sure does alot of hoping..

 

[Bigfuck]

For someone so highly paid, he sure does alot of hoping..

Productivity growth through automation and IT is not done by hope but by planning.

Any saying otherwise like him is hopeless. Then again he is an overpaid armchair bullshitter.

BTW, productivity increase through machines creates the side effect of even more unemployment. It is very easy to cut the civil service by 75% headcount with automation and IT. You would then ask why you need indian chiefs that cannot fight wars and have no solutions.

 

[JohnTan]

Productivity growth through automation and IT is not done by hope but by planning.

Any saying otherwise like him is hopeless. Then again he is an overpaid armchair bullshitter.

BTW, productivity increase through machines creates the side effect of even more unemployment. It is very easy to cut the civil service by 75% headcount with automation and IT. You would then ask why you need indian chiefs that cannot fight wars and have no solutions.

In the past, people said that jobs destroyed by machines would be replaced by new jobs of manufacturing, servicing and operating the machines.

Now, innovation seems intent to get rid of human jobs even as the human population is exploding. It's good for towkays like me and bad for blue collared workers like you.

 

[enterprise2]

Take away his million $ salary and savings and put him in the streets and he'll sing a different tune!

 

[Bigfuck]

In the past, people said that jobs destroyed by machines would be replaced by new jobs of manufacturing, servicing and operating the machines.

Now, innovation seems intent to get rid of human jobs even as the human population is exploding. It's good for towkays like me and bad for blue collared workers like you.

Hahahahahaha. Dream long long. Towkays have no skillsets except bullshitting and bullying. Towkays can be replaced tomorrow.

 

[red amoeba]

all the talk about productivity is not reflected in the PAP
namely- why has the cabinet size increased? Why have the total number of MPs increased?
is that growth due to productivity? Lead the way man, do with less.

 

[jw5]

Take away his million $ salary and savings and put him in the streets and he'll sing a different tune!

That clown won't burst into song but he may burst into tears.

 

[The_Hypocrite]

When I see stupid statements like this being made..I wonder how anyone who is not a retard will vote someone like tat into office. N he won big in East coast GRC.. against a superior WP team. So singkies deserve the ministers they vote for..

 

[chootchiew]

"If we are not careful, unemployment might go up not because we don't have enough jobs but because there is a mismatch between jobs and skills," he said. "We want to minimise this mismatch.

excuse me, the "WE" here means govt or the people ?
Looks more like the govt to me. Who said govt didn't want to be problem owner ?

 

[jw5]

excuse me, the "WE" here means govt or the people ?
Looks more like the govt to me. Who said govt didn't want to be problem owner ?

The "WE" means govt when things go well and means people when things go wrong.

 

[chootchiew]

The "WE" means govt when things go well and means people when things go wrong.

Hell if I'm one of the ladies standing in the pix I would have asked him to decide first before result is published .

 

[frenchbriefs]

how come we only heard of company restructuring all the time and not government restructuring?restructure the PAP!!!!say no to jiak liao bees!!!!

 

[lifeafter41]

The turbulence in the job market of the past year and a half is an inevitable effect of Singapore's shift towards quality growth, said Manpower Minister Lim Swee Say yesterday.

"I hope what we are going through in the last 18 months is just a transition from manpower-driven growth into a future of growth driven by productivity and innovation," he said.

He was speaking to reporters yesterday at a career fair, where he launched two new programmes to help workers join the hotel sector and carve out better careers in it.


Labour market figures released a week ago show rising unemployment, layoffs at a seven-year high, and job seekers outnumbering job vacancies for the first time in four years.

Mr Lim said that although the economic situation may look dismal as a result of companies restructuring amid global headwinds, Singapore must push on with efforts to boost productivity and innovation in order to drive growth.

"There will be disruptions, there will be retrenchments, there will be downsizing in some sectors," he said. "But on the whole, it is not our objective to make low growth a new normal in the Singapore economy. Rather, this is hopefully just a transition period as we pursue quality-driven growth of 2 to 3 per cent in the medium term."

He acknowledged that a growing number of Singaporeans are concerned unemployment will rise further, but said the solution to this was not simply to create more jobs.

"If we are not careful, unemployment might go up not because we don't have enough jobs but because there is a mismatch between jobs and skills," he said. "We want to minimise this mismatch.





http://www.straitstimes.com/singapo...part-of-transition-to-quality-growth-swee-say

It's always easy to TCSS as long as your job is not on the line.........
Talk is cheap..........

 

[batman1]

Singapore, the Land of Sinkees.
It's amazing that 70% voted for this joker zorro to bs talk cock and insult their intelligence .
Sinkees gone case leow.

 

[The_Hypocrite]

He won big in East Coast GRC,,,that is why from now on,,I don't really blame the pappies,,I blame the singkies are they are the ones that put the pappies there in the 1st place,..

Singapore, the Land of Sinkees.
It's amazing that 70% voted for this joker zorro to bs talk cock and insult their intelligence .
Sinkees gone case leow.

 

[jw5]

He won big in East Coast GRC,,,that is why from now on,,I don't really blame the pappies,,I blame the singkies are they are the ones that put the pappies there in the 1st place,..

Most sinkies are impressionable and easily manipulated, while some suffer from delusions of grandeur.

 

[lifeafter41]

The turbulence in the job market of the past year and a half is an inevitable effect of Singapore's shift towards quality growth, said Manpower Minister Lim Swee Say yesterday.

"I hope what we are going through in the last 18 months is just a transition from manpower-driven growth into a future of growth driven by productivity and innovation," he said.

He was speaking to reporters yesterday at a career fair, where he launched two new programmes to help workers join the hotel sector and carve out better careers in it.


Labour market figures released a week ago show rising unemployment, layoffs at a seven-year high, and job seekers outnumbering job vacancies for the first time in four years.

Mr Lim said that although the economic situation may look dismal as a result of companies restructuring amid global headwinds, Singapore must push on with efforts to boost productivity and innovation in order to drive growth.

"There will be disruptions, there will be retrenchments, there will be downsizing in some sectors," he said. "But on the whole, it is not our objective to make low growth a new normal in the Singapore economy. Rather, this is hopefully just a transition period as we pursue quality-driven growth of 2 to 3 per cent in the medium term."

He acknowledged that a growing number of Singaporeans are concerned unemployment will rise further, but said the solution to this was not simply to create more jobs.

"If we are not careful, unemployment might go up not because we don't have enough jobs but because there is a mismatch between jobs and skills," he said. "We want to minimise this mismatch.





http://www.straitstimes.com/singapo...part-of-transition-to-quality-growth-swee-say

Question is will MOM tighten on the EPs now that it's already out that a good more than 65% of these graduates and professional qualification are laid off. It not, it's freaking time they do so and stop renewing all these passes......