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Singapore – Up to 2,100 jobs in electronics sector to be created by 2020

21 September 2017

Singapore’s Minister for Trade and Industry S Iswaran has unveiled a plan to create up to 2,100 new jobs for professionals, managers, executives and technicians (PMETs) in Singapore’s electronics manufacturing sector by 2020.

Iswaran announced the launch of the Electronics Industry Transformation Map (ITM) which “maps out strategies that will build the electronics industry of tomorrow.” Through the ITM efforts, the industry is expected to achieve a manufacturing value-add of SGD 22.2 billion (USD 16.4 billion) and introduce 2,100 new PMET jobs by 2020.

Furthermore, Iswaran added that SkillsFuture Singapore (SSG), Workforce Singapore (WSG), and other economic institutions and stakeholders will collaborate to develop and launch the Skills Framework for Electronics. The new framework identifies emerging skills and competencies for the sector in the areas of robotics and automation, artificial intelligence and data analytics. Iswaran added that the creation of new jobs will come alongside a two-pronged strategy to ensure the continual growth of the electronics industry.

The first strategy is to diversify into new growth markets and the second strategy is for Singapore to attract high value-add activities and transform the existing base of electronics manufacturing.

Electronics manufacturing accounted for 4.4% of Singapore’s economy last year and employed 70,000 workers.

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