After enjoying years of economy europhia, the financial market collapse of Lehman Brother, Merrill Lynch and Bear Sterns are spilled-over and affecting the current Singapore job market.
The labour supply is definitedly more than the labour demand, and the job market turn to be extermely competitive. Some of the foreign banks are retrenching their staffs, and resulted in the increase number of people in labour supply pool.
Hence, it is extremely not easy to land a job immediately. Will accountant job be affected ? Definitely. There are accoutants in the bank too. If they got retrenched from the bank, they might join the commercial line.