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MNCs freeze hiring, but S’pore job market not badly hit: HR outlook (ChannelNewsAsia)
SINGAPORE: Many multinational corporations (MNCs) located in Singapore have already frozen the hiring of staff, due to the prolonged economic challenges in the Eurozone and sluggish growth in the United States.
But Singapore’s job scene is not likely to be badly hit, according to the employment outlook for the first quarter of 2013 painted by Singapore-based human resource consultancy firm, PrimeStaff Management Services.
It said Singapore’s unemployment rate is expected to “remain status quo”, although there could be a very slight increase in unemployment.