Singapore News

News from Singapore

Workers to get inflation bonus

Posted by jtsmyth8 on June 21, 2008

Electrical storekeeper Tan Cheng Yen is getting an extra $400 to take home next month – a one-off payment to help cushion the impact of higher food and oil prices.

‘I can spend it on groceries, like rice, as well as defray the cost of taking public transport to work,’ said the 63-year-old who earns $1,600 a month.

His employer, food manufacturer Prima Singapore Group, is among 60 unionised companies which are heeding the National Wages Council’s (NWC) call last month to help workers cope with the impact of inflation.

They agreed to do so after discussions with unions during the current ‘negotiation season’, when bosses and unionists meet to discuss wage and other adjustments in the wake of the NWC’s annual recommendations. (story)

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