Budget must address urgent foreign worker crunch but stay firm on long-term weaning
Shortages in construction, marine shipyard, process as well as high-wage sectors, say business groups, analysts
Add BT as a preferred source
Singapore
THE immediate shortage of foreign labour will likely be tackled in upcoming Budget measures, watchers told The Business Times, although policymakers are expected to keep weaning businesses off foreign manpower in the longer term.
That's as employers clamour for more warm bodies in a labour market where vacancies now far outstrip job seekers. There were 2.09 openings for each unemployed person in September 2021, the latest period for which data is available.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Johor property old hand KSL readies family handover amid market boom
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
