Not all employers need to cut wages to save jobs: Josephine Teo on NWC guideline
Singapore
THE National Wages Council (NWC) expects wage adjustments in the next 12 months to vary across sectors and firms, as not every employer will need to cut wages to save jobs, said Manpower Minister Josephine Teo in Parliament on Tuesday.
She was responding to West Coast Member of Parliament Foo Mee Har, who had asked about wage cuts in the next 12 months, given that NWC supplementary guidelines on Oct 16 said that employers can consider temporarily cutting workers' basic pay, if necessary, to avoid retrenchments.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March