Jobs Support Scheme extension will hopefully help Singapore avoid sudden spike in retrenchments, says President Halimah
SINGAPORE - The extension of the Jobs Support Scheme to cover wages up to March next year is particularly important and is a key component of the latest support package for businesses and workers, said President Halimah Yacob.
In a Facebook post on Monday , Madam Halimah said Deputy Prime Minister Heng Swee Keat had briefed her and the Council of Presidential Advisers on the Government's proposal to introduce a Fifth Support Package as significant uncertainties and challenges remain ahead. A few sectors that are managing relatively well, such as biomedical sciences and financial services, will receive 10 per cent wage support for four more months.
"We can't save every business, and we have to be prepared that there may still be more job losses in the next few months," said Madam Halimah.
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