Workers’ Party chief Pritam Singh has used his May Day message to reiterate his party’s call for insurance for retrenched workers to better protect and more strongly safeguard workers’ interests.
These measures have led to retrenchments and the complete closure and relocation of some businesses to other countries in the region, he pointed out. Then on April 27, Manpower Minister Tan See Leng revealed in his May Day message that a new support scheme for involuntarily unemployed jobseekers will be announced in the later part of this year.
Apart from introducing an insurance scheme for retrenched workers, Mr Singh also said the government should give SMEs more support in non-wage areas, given that the cost of doing business in Singapore has become a “significant pressure point”.