Brace for worse times
"THE next six months will be especially tough for Singapore as there is worse to come in the global economy, Prime Minister Lee Hsien Loong told employers and unionists yesterday."
More-educated get help too
"Commenting on the plight of PMETs, Mr Lee said: 'PMETs sometimes say: 'The Government always takes care of the lower-income, the poor. We are not poor but we also need help.' I think it is right that we should not neglect them.'
Elaborating later, Acting Manpower Minister Gan Kim Yong said that more PMETs are expected to be laid off compared to previous recessions because their ranks have swelled.
They formed 51 per cent of the resident workforce last year, up from 41 per cent a decade ago. At stake are the jobs of some 945,000 PMETs, with about 706,000 in services. "
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