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Over 22,000 new jobs likely in Singapore manufacturing by 2024

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More than 22,000 new jobs are projected to be created in the manufacturing sector in Singapore over the next eight years, such as for data scientists and robot coordinators, a new study has found.

These higher-value positions will pay on average 50 per cent more than current jobs displaced during this period, the study by the Boston Consulting Group (BCG) added.

Observers say a key challenge will be to seize this window of opportunity in the sector by equipping workers to acquire the skills to fill new places.

Manufacturing accounts for a fifth of the Singapore economy and the sector has been hit hard by the current slowdown, but recently it has shown signs of a comeback.

Disruptive technologies have also impacted the sector, with some 23,000 jobs forecast to be displaced by 2024.

Last month, Minister of State for Trade and Industry Koh Poh Koon said the Government will continue to invest in advanced manufacturing to position workers and companies for the future.

The Committee on the Future Economy, which will release its report early next year, has also identified advanced manufacturing as a key growth sector.

Singapore Manufacturing Federation president Douglas Foo said manufacturing has to remain a core part of the economy.

http://www.straitstimes.com/singapore/over-22000-new-jobs-likely-in-manufacturing-by-2024

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