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Monday, June 23, 2008

Only 60 / 1000 companies have given the one-off special bonus


Channelnewsasia report today that only 6% of unionised companies have given the one-off special bonus as recommended by the tripartite National Wages Council.

"NTUC Secretary General, Lim Swee Say explained that not every company is having wage negotiations at this time.

For now some 40,000 workers from the 60 unionised companies will be benefiting from the special payout."


You can find the official press release at NTUC's website.

The Public Service Division's press release can be found here, reports that Singapore's economy grew by 6.7% in the first quarter of 2008, compared to 5.4% in the last quarter of 2007. The Ministry of Trade and Industry has announced that the Singapore economy is expected to grow by 4 to 6% in 2008.

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