Employers notify MOM of cost-saving moves affecting over 187,000 workers
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IN the three months from March 12, more than 4,800 employers submitted notifications on cost-saving measures amid the Covid-19 pandemic, affecting more than 187,000 employees, the Ministry of Manpower and the Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) said in a joint statement on Wednesday.
According to MOM's labour market report for the first quarter this year, the number of employed people in Singapore stood at about 3.5 million as at end March, excluding foreign domestic workers. With effect from March 12, employers with 10 or more employees are required to notify MOM if they implement cost-saving measures that affect employees' monthly salaries.
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