Background Information

The National Wages Council has urged that employers move to implement wage-restructuring. We have here for you some press articles and speeches that explain and highlight how flexible wages are key to Singapore’s continued competitiveness, and the employability of workers.

Does Wage Restructuring mean lower wages?  This Straits Times Interactive article covers some of the salient points regarding wage restructuring, and how it will affect workers, companies, and the economy.

Speech by Senior Minister Lee Kuan Yew to NTUC unionists on 23 July 2003. In his speech, the Senior Minister expressed his confidence that Singapore’ economy will continue to grow and thrive, but wider economic realities compel that companies and workers have to accept new, flexible approaches if they are to remain competitive in the global marketplace.

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