SINGAPORE - The National Wages Council (NWC) will reconvene this year as the Covid-19 pandemic takes a toll on the labour market.. Read more at straitstimes.com.
SINGAPORE - The National Wages Council will reconvene this year as the Covid-19 pandemic takes a toll on the labour market.
She said they agreed to reconvene the NWC, which is usually convened once a year. The high-level council, chaired by DBS Bank chairman Peter Seah and comprising representatives from the Government, employers and unions, had already been convened earlier than usual this year. Many employers took the cue from the council's recommendations this year to manage excess manpower, such as by implementing a flexible work schedule to time-bank the hours not worked while continuing to pay their workers' salaries in full, or supporting those whose commission or overtime pay were reduced to get a second job to supplement their income, she said.
The minister's comments come after the preliminary labour market data for the second quarter of the year, released on July 29, showed that unemployment and retrenchments have risen from the first quarter.
Singapore Latest News, Singapore Headlines
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