NDR 2023: Retrenched workers to get financial support while reskilling, scheme still being 'fine-tuned'

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NDR 2023: Retrenched workers to get financial support while reskilling, scheme still being 'fine-tuned'
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SINGAPORE: To help retrenched workers get back on their feet confidently, a new scheme to offer temporary financial support to these workers while they upgrade their skills is in the works, Prime Minister Lee Hsien Loong said on Sunday (Aug 20). 'This scheme will ease the immediate pressure that job s

SINGAPORE: To help retrenched workers get back on their feet confidently, a new scheme to offer temporary financial support to these workers while they upgrade their skills is in the works, Prime Minister Lee Hsien Loong said on Sunday .

"Anxiety to keep up with the latest trends. Worry that your job may be taken over by robots or AI applications. We can certainly expect more job disruptions. More of our workers will be affected by such disruptions and may lose their jobs several times throughout their careers," he said.

"So it is very difficult to go for skills courses. Thus, often out of desperation, we seize whatever jobs are offered." To this end, he gave an update on the facelifts that the Geylang Serai Market and Joo Chiat Complex will be undergoing as part of the government's Geylang Serai Cultural Belt project that Mr LeeThe aim of the project is to celebrate the"history, culture and heritage of the Malay community", and the renovation works are set to complete by 2024.

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