SINGAPORE: Aerospace companies are expected to hire more than 2,500 employees in the next three to five years, the Economic Development Board (EDB) said on Sunday (Feb 18).
These jobs will include operators, technicians, and engineers, as well as corporate roles, EDB executive vice president Cindy Koh said in a press conference for the Singapore Airshow 2024.
Singapore is home to more than 130 aerospace companies, and the hiring will support the aerospace industry’s strong recovery over the past three years, she added.
Last year, Singapore’s aerospace output grew 16 per cent year-on-year.
In the maintenance, repair and overhaul (MRO) segment in particular, Singapore’s output recovery has outpaced global output recovery by a year.
Aerospace companies have already ramped up their hiring in the past two years, growing total aerospace employment by almost 3,000 jobs.
Since the last airshow in 2022, aerospace companies have made major commitments to invest more than S$750 million (US$556 million) in Singapore over the next three to five years.
These new projects span advanced manufacturing and MRO, innovation and sustainability, and some are set to be announced during the airshow next week.