jump to navigation

Pay cut spreads to Statutory boards December 31, 2008

Posted by @Karen_Fu in Economy, life challenges, Minister pay cut, statutary boards.
Tags: , , , , , , ,

Its the first time since I was born that top ranking government officials and heads at statutory boards take such a massive pay cut. Temasek holdings chief Ho Ching volunteers to have her annual pay cut by as much as 25%. This may well trigger other sectors of the economy to stand up and go for individual pay cuts. The aim for this is to keep jobs. Pay cuts are much higher for whiet collar jobs while the best is to not cut any for blue collar workers. Employers are also advised to not retrench workers. Instead they are advised to send their workers for skills upgrading/training, which the government will offer subsidize the cost of training.

News by Google on the Paycut


No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: