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SINGAPORE: Singapore's labour chief says the Jobs Credit Scheme has bought companies time to upgrade their workers' skills.
This is important to help companies remain competitive. Otherwise, they will relocate overseas.
NTUC Secretary-General Lim Swee Say was speaking to MediaCorp at the 45th anniversary celebrations of the National Community Leadership Institute.
The Jobs Credit Scheme was introduced in January to help save jobs by defraying part of workers' wages.
This is achieved by paying employers 12 percent of workers' wages for the first $2,500 a month.
On 13 October, the government will announce the next step for the scheme.
Unionists want it to be gradually phased out rather than stopped suddenly.
But Mr Lim warned against companies becoming over-reliant on the scheme.
"It's important the government send a clear message to the employers that the Jobs Credit is not here to stay," he said.
- CNA/ir
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