Pay cuts help spare 224,800 workers from pink slips: MOM
Latest numbers appear to be tapering off; but impact expected to be prolonged as wage recovery will lag economic rebound
Singapore
SOME 224,800 workers in Singapore, across 6,300 companies, saw their pay cheques hit by cost-cutting measures in the last five months.
The latest numbers - published on Thursday in a weekly update from the Ministry of Manpower (MOM) - appear to be tapering off since the end of a circuit breaker in April and May.
TRENDING NOW
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Asia needs new energy security architecture
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
