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More flexibility for bosses to cut costs and save jobs
Mon, May 18, 2009
The Straits Times

By Kor Kian Beng

EMPLOYERS have been given a revised set of guidelines on managing excess workers, in a move to further help them cut costs and save jobs.

It was prompted by the worsening economy and prospects of a prolonged recession, said the Ministry of Manpower (MOM) yesterday, in a statement with tripartite partners the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF).

The changes are targeted primarily at giving businesses that continue to struggle to stay afloat, more room to design new work arrangements before considering layoffs.

 

 


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