Unions welcome scheme co-funding wage increments for lower-wage workers | Video
The labour movement has welcomed a government move to chip in for pay raises for some groups of low-income workers, and is already eyeing an extension to the scheme, which expires in 2026. Under the Progressive Wage Credit Scheme, the government will co-fund half of the wage increments with employers for the next five years and will set up a S$2 billion fund for this. Clara Lee with more.
The labour movement has welcomed a government move to chip in for pay raises for some groups of low-income workers, and is already eyeing an extension to the scheme, which expires in 2026. Under the Progressive Wage Credit Scheme, the government will co-fund half of the wage increments with employers for the next five years and will set up a S$2 billion fund for this. Clara Lee with more.
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