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National Wages Council releases guidelines on how to carry out pay cuts to save jobs
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On Oct 16, the National Wages Council (NWC) released detailed steps to guide employers on how best to carry out pay cuts -- if necessary -- amid the COVID-19 pandemic. The main message remained clear: Temporarily cut wages to save jobs, and only retrench as a last resort. The NWC also laid out guidelines for specific groups, such as calling for special consideration for low-wage workers. Manpower Minister Josephine Teo welcomed the recommendations, saying businesses should try to retain employees, as losing talent would also hinder a firm's ability to recover from the crisis.
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