New $1b Jobs Growth Incentive to boost hiring of locals in expanding sectors: Heng Swee Keat

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New $1b Jobs Growth Incentive to boost hiring of locals in expanding sectors: Heng Swee Keat
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The scheme will be introduced to boost hiring in sectors which are still growing amid the recession, with a special focus on helping workers aged 40 and older.. Read more at straitstimes.com.

SINGAPORE - A new $1 billion scheme will be introduced to boost hiring in sectors which are still growing amid the recession, with a special focus on helping older workers.

The co-payment by the Government will be up to 50 per cent for workers aged 40 and above, said Mr Heng in a ministerial statement on further measures to support firms and workers amid the Covid-19 crisis. "The public healthcare and long-term care sectors are hiring. Some firms in the F&B and manufacturing sectors are growing and innovating."

The Ministry of Manpower will provide more details later this month, said Mr Heng, who is also Finance Minister and Coordinating Minister for Economic Policies.

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