New support scheme to help retrenched workers to be announced by end of 2024: MOM
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SINGAPORE - Singaporeans who find themselves involuntarily unemployed will be able to receive more support under a new scheme due to be unveiled by the year end. Manpower Minister Tan See Leng pointed to the scheme in his May Day message on April 27, notingNew support scheme to help retrenched workers to be announced by end of 2024: MOM
SINGAPORE - Singaporeans who find themselves involuntarily unemployed will be able to receive more support under a new scheme due to be unveiled by the year end. Manpower Minister Tan See Leng pointed to the scheme in his May Day message on April 27, noting: «The pace of change in the economy is accelerating, and we know that more workers will likely be thrown curveballs. »We have heard and heeded the call to further support our workers who find themselves displaced through no fault of their own.« The re-employment support scheme, which was announced by Prime Minister Lee Hsien Loong in his National Day Rally speech in 2023, will help retrenched workers get back on their feet. PM Lee said then that the Government will provide individuals with temporary financial support so that they can focus on upgrading their skills for a better long-term job. »It will be a temporary safety net to help you meet immediate needs to free you to upskill and train, as you prepare yourself for a good long-term job," he added. Read more