Business @ AsiaOne

Bosses in no hurry to reinstate pay

Some have restored wages to keep key staff but many remain wary. -ST

Mon, Jun 29, 2009
The Straits Times

EMPLOYEES who suffered salary cuts in recent months as the recession took hold might well be wondering if their pay packets will be reinstated soon.

Despite some hiccups, the stock market seems to be on the up and up, and many people are cautiously talking about an economic recovery.

Still, whatever tentative signs of a rebound are surfacing will probably not translate into a widespread restoration of salaries, at least for now.

 


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