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Non-PMETs hit harder by unemployment

Non-professionals, managers, executives, and technicians (PMETs) experienced a higher jobless rate compared to PMETs, as industries more affected by COVID-19 had a greater concentration of non-PMETs, latest data from the Ministry of Manpower (MOM) showed. The resident unemployment rate among non-PMETs increased by 1.7 percentage points from 4.7 percent in June 2019 to 6.4 percent...

DBS back to roll out voluntary job-sharing scheme

South-east Asia’s largest bank, DBS, will introduce a formal Job-sharing Scheme to support employees who need flexible work arrangements, among other initiatives aimed at transforming the way its staff work in a post-pandemic world. Two employees will share the responsibilities of one full-time role under the scheme, which builds on the bank’s ability to operate...

Tripartite partners update retrenchment guidelines for firms

These guidelines include longer notice periods, denied Government support grants and work pass privileges, and proper retrenchment. Even more comprehensive guidelines of retrenchment exercises updated by the Tripartite partners -the Manpower Ministry (MOM), the National Trades Union Congress (NTUC), and the Singapore National Employers Federation on 17th October, Saturday. Some of the exercises include longer notice...

Despite the Covid-19 situation, companies are still on the look to widen their businesses, increase productive capacity or expand overseas and utilize bigger grants and expanded loan schemes, which is extremely attractive to businesses. These grants and loan schemes will benefit and provide additional support to businesses during trying times and aid them to transform...

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