Labour market must be flexible so companies can cope with global uncertainties: SNEF

Singapore

SINGAPORE'S labour market must remain flexible so that companies can adapt quickly and stay competitive amid uncertainties, Singapore National Employers Federation (SNEF) president Robert Yap said on Friday.

In SNEF's May Day message, he called on companies to transform and innovate to become more manpower-lean, and on workers to embrace lifelong learning and upgrade their skills.

"As we enter an era of uncertainty where investment and trade flows constantly change, Singapore will be affected by the turbulence in the global economy. We must, therefore, continue to keep our labour mark…