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Bosses: 3-6 months' payouts are ok
Wed, Nov 18, 2009
The Straits Times

By Nur Dianah Suhaimi & Cassandra Chew

 

BOSSES are willing to give their older workers payouts that, on average, range between three and six months' wages - in the event that they cannot offer the workers continued employment beyond the retirement age of 62.

They gave this range yesterday in response to a new proposal that bosses give a one-off payment to tide these workers over while they look for a new job.

But one of the 10 companies interviewed said it would give just one month's wages, while another was willing to give up to two years' salary.

 


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