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https://www.channelnewsasia.com/new...ity-shrinks-to-lowest-since-dec-2016-11310484
Business Singapore's factory activity shrinks to lowest since December 2016
A worker at a manufacturing facility in Singapore. (Photo: TODAY)
04 Mar 2019 09:00PM (Updated: 04 Mar 2019 09:11PM)
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SINGAPORE: Manufacturing activity in Singapore shrank for the sixth consecutive month in February, as demand for made-in-Singapore goods as well was employment levels slowed, amid an uncertain economic and trade environment at home and abroad.
The Purchasing Managers’ Index (PMI) for February came in at 50.4, down 0.3 point from the previous month. This is the lowest reading since December 2016, according to numbers published by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Mar 4).
A PMI reading above 50 indicates that the manufacturing economy is generally expanding, while a reading below 50 indicates that it is generally declining.
The electronics sector contracted for the fourth consecutive month, dipping 0.1 point to 49.5 last month.
This was due to a second-time contraction in new orders, new exports and employment, as well as a third-time contraction in factory output, said SIPMM. The weaker reading was cushioned by the inventory index, which recorded a higher rate of expansion.
"This was not unexpected as global/regional manufacturing PMIs remained softer to stable in February, pending the highly anticipated US-China trade deal, as well as due to the Chinese New Year holidays in early February," said Ms Selena Ling, head of treasury research & strategy at OCBC Bank.
"Note that for the electronics sector, the last contraction streak had lasted for 13 consecutive months from July 2015, excluding the sporadic contraction warning signals in the first half of 2015."
Ms Ling added that regional manufacturing and trade activities may remain lacklustre, barring a quick resolution to the US-China trade war.
Singapore's factories have had a stuttering start to the year. Industrial production declined 3.1 per cent in January from a year ago - its first negative print since December 2017, and the worst year-on-year performance since July 2016.
Source: CNA/ic(gs)
Tagged Topics
https://www.zaobao.com.sg/znews/singapore/story20190303-936597?xtor=CS2-8
本地外资电子制造商大裁员 600名外籍厂工失业
发布/2019年3月3日 3:21 PM文/翁嘉嘉, 王钲扬摄影/洪璐华来自/新明日报
AMS公司人事大地震，裁退逾600名职员。（洪璐华摄）
Twitter Email
本地一外资电子制造商大裁员，600名厂工失业。
《新明日报》接获读者通报，指本地一家外资电子制造商艾迈斯半导体公司（ams AG），日前分批遣散了大批外籍厂工。
据悉，制造商来自奥地利，主要是制造环境光传感器的供应商，其中一名主要客户为苹果手机。
另一名知情者向《新明日报》证实，当天有好几辆巴士停在公司外，主管负责点名，当场宣布裁员。
“不少人接获消息，感到震惊，直接收拾私人物品后，被安排乘搭公司所安排的大巴士离开。”
据了解，600名员工被裁退，均为外籍员工，分别来自中国、马来西亚、泰国等，当中还有部分员工收到回程机票。据悉，被裁员工均获得公司所给予合理赔偿。
公司已做出相应赔偿
电子制造商艾迈斯半导体公司（ams AG）证实裁员一事。发言人表示，为了公司业务转型以及保持市场竞争力，新加坡区域公司进行裁员，受影响的职员共600人。“公司已针对受影响的职员，做出相应的赔偿。”
女工当场痛哭
女厂工失去饭碗，当场痛哭。
知情者告诉《新明日报》，事发突然，被裁退的员工们都感到震惊。“当时，很多女员工直接坐在里头大哭，一片哀嚎。”
知情者透露，自去年8月左右，部分生产线不再让员工加班。“有的人觉得无法加班，就赚的少，所以主动请辞。”
他透露，公司职员原本人数众多，事后逐步减少。
完整报道，请翻阅2019年3月3日的《新明日报》。
Local foreign-invested electronics manufacturers layoffs 600 foreign workers are unemployed
Released March 3, 2019, 3:21 PM / Weng Jiajia, Wang Yuyang Photography / Hong Yuhua from / Xinming Daily
The AMS personnel earthquake has laid off more than 600 employees. (Photo by Hong Yuhua)
Twitter Email
A local foreign-invested electronics manufacturer was laid off, and 600 factory workers were unemployed.
"Xinming Daily" received a reader's notice, referring to a local foreign electronics manufacturer, Ams AG, which has disbanded a large number of foreign factory workers.
It is reported that the manufacturer is from Austria, mainly a supplier of ambient light sensors, one of which is Apple's mobile phone.
Another insider confirmed to the Xinming Daily that several buses were parked outside the company on that day, and the supervisor was responsible for the name and announced layoffs on the spot.
"A lot of people were shocked and received shocks. After receiving personal belongings, they were arranged to take the big bus arranged by the company to leave."
It is understood that 600 employees were laid off, all of them are foreign employees, from China, Malaysia, Thailand, etc., and some employees received return tickets. It is reported that the employees who have been laid off have received reasonable compensation from the company.
The company has made corresponding compensation
Electronic manufacturer Amys AG confirmed the layoffs. The spokesperson said that in order to transform the company's business and maintain market competitiveness, the Singapore regional company has laid off employees and affected 600 employees. “The company has made corresponding compensation for the affected staff.”
Female worker crying on the spot
The female factory worker lost her job and cried on the spot.
The insider told Xinming Daily that the incident was sudden and the employees who were laid off were shocked. “At the time, many female employees were sitting in the head and crying, mourning.”
According to informed sources, some production lines no longer allow employees to work overtime since August last year. "Some people feel that they can't work overtime, they earn less, so they take the initiative to resign."
He revealed that the company's staff was originally large and gradually reduced afterwards.
For a full report, please read the "Xinming Daily" on March 3, 2019.
Business Singapore's factory activity shrinks to lowest since December 2016
A worker at a manufacturing facility in Singapore. (Photo: TODAY)
04 Mar 2019 09:00PM (Updated: 04 Mar 2019 09:11PM)
Share this content
Bookmark
SINGAPORE: Manufacturing activity in Singapore shrank for the sixth consecutive month in February, as demand for made-in-Singapore goods as well was employment levels slowed, amid an uncertain economic and trade environment at home and abroad.
The Purchasing Managers’ Index (PMI) for February came in at 50.4, down 0.3 point from the previous month. This is the lowest reading since December 2016, according to numbers published by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Mar 4).
A PMI reading above 50 indicates that the manufacturing economy is generally expanding, while a reading below 50 indicates that it is generally declining.
The electronics sector contracted for the fourth consecutive month, dipping 0.1 point to 49.5 last month.
This was due to a second-time contraction in new orders, new exports and employment, as well as a third-time contraction in factory output, said SIPMM. The weaker reading was cushioned by the inventory index, which recorded a higher rate of expansion.
"This was not unexpected as global/regional manufacturing PMIs remained softer to stable in February, pending the highly anticipated US-China trade deal, as well as due to the Chinese New Year holidays in early February," said Ms Selena Ling, head of treasury research & strategy at OCBC Bank.
"Note that for the electronics sector, the last contraction streak had lasted for 13 consecutive months from July 2015, excluding the sporadic contraction warning signals in the first half of 2015."
Ms Ling added that regional manufacturing and trade activities may remain lacklustre, barring a quick resolution to the US-China trade war.
Singapore's factories have had a stuttering start to the year. Industrial production declined 3.1 per cent in January from a year ago - its first negative print since December 2017, and the worst year-on-year performance since July 2016.
Source: CNA/ic(gs)
Tagged Topics
https://www.zaobao.com.sg/znews/singapore/story20190303-936597?xtor=CS2-8
本地外资电子制造商大裁员 600名外籍厂工失业
发布/2019年3月3日 3:21 PM文/翁嘉嘉, 王钲扬摄影/洪璐华来自/新明日报
AMS公司人事大地震，裁退逾600名职员。（洪璐华摄）
Twitter Email
本地一外资电子制造商大裁员，600名厂工失业。
《新明日报》接获读者通报，指本地一家外资电子制造商艾迈斯半导体公司（ams AG），日前分批遣散了大批外籍厂工。
据悉，制造商来自奥地利，主要是制造环境光传感器的供应商，其中一名主要客户为苹果手机。
另一名知情者向《新明日报》证实，当天有好几辆巴士停在公司外，主管负责点名，当场宣布裁员。
“不少人接获消息，感到震惊，直接收拾私人物品后，被安排乘搭公司所安排的大巴士离开。”
据了解，600名员工被裁退，均为外籍员工，分别来自中国、马来西亚、泰国等，当中还有部分员工收到回程机票。据悉，被裁员工均获得公司所给予合理赔偿。
公司已做出相应赔偿
电子制造商艾迈斯半导体公司（ams AG）证实裁员一事。发言人表示，为了公司业务转型以及保持市场竞争力，新加坡区域公司进行裁员，受影响的职员共600人。“公司已针对受影响的职员，做出相应的赔偿。”
女工当场痛哭
女厂工失去饭碗，当场痛哭。
知情者告诉《新明日报》，事发突然，被裁退的员工们都感到震惊。“当时，很多女员工直接坐在里头大哭，一片哀嚎。”
知情者透露，自去年8月左右，部分生产线不再让员工加班。“有的人觉得无法加班，就赚的少，所以主动请辞。”
他透露，公司职员原本人数众多，事后逐步减少。
完整报道，请翻阅2019年3月3日的《新明日报》。
Local foreign-invested electronics manufacturers layoffs 600 foreign workers are unemployed
Released March 3, 2019, 3:21 PM / Weng Jiajia, Wang Yuyang Photography / Hong Yuhua from / Xinming Daily
The AMS personnel earthquake has laid off more than 600 employees. (Photo by Hong Yuhua)
Twitter Email
A local foreign-invested electronics manufacturer was laid off, and 600 factory workers were unemployed.
"Xinming Daily" received a reader's notice, referring to a local foreign electronics manufacturer, Ams AG, which has disbanded a large number of foreign factory workers.
It is reported that the manufacturer is from Austria, mainly a supplier of ambient light sensors, one of which is Apple's mobile phone.
Another insider confirmed to the Xinming Daily that several buses were parked outside the company on that day, and the supervisor was responsible for the name and announced layoffs on the spot.
"A lot of people were shocked and received shocks. After receiving personal belongings, they were arranged to take the big bus arranged by the company to leave."
It is understood that 600 employees were laid off, all of them are foreign employees, from China, Malaysia, Thailand, etc., and some employees received return tickets. It is reported that the employees who have been laid off have received reasonable compensation from the company.
The company has made corresponding compensation
Electronic manufacturer Amys AG confirmed the layoffs. The spokesperson said that in order to transform the company's business and maintain market competitiveness, the Singapore regional company has laid off employees and affected 600 employees. “The company has made corresponding compensation for the affected staff.”
Female worker crying on the spot
The female factory worker lost her job and cried on the spot.
The insider told Xinming Daily that the incident was sudden and the employees who were laid off were shocked. “At the time, many female employees were sitting in the head and crying, mourning.”
According to informed sources, some production lines no longer allow employees to work overtime since August last year. "Some people feel that they can't work overtime, they earn less, so they take the initiative to resign."
He revealed that the company's staff was originally large and gradually reduced afterwards.
For a full report, please read the "Xinming Daily" on March 3, 2019.
at least 70% believe
