For Singapore, 2019 was a good year with employment growth, low retrenchments and increasing income; however the outlook for 2020 has become uncertain not least due to the COVID-19 global pandemic. Ministry of Manpower’s (MOM) key challenges are to prevent large-scale job losses, prevent a scaling back or reversal of wage increases, and prepare Singapore businesses and workers for jobs of the future when the world reopens for business post-pandemic. This article summarises the key takeaways from measures announced in the speech by Minister for Manpower, Mrs Josephine Teo at MOM Committee of Supply 2020.
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