Singaporeans welcome move by Civil Service to cut pay

Singaporeans welcomed the move by the Civil Service to reduce pay, and some said the wage cut announcement did not come as a surprise.

Civil Service wage cut may not be significant in terms of the overall government expenditure.

What is more important is the signal it sends to the private sector of the cost cutting options available for firms to stay viable.

In response, National Wages Council Chairman Professor Lim Pin said the Civil Service pay cut is in line with the council’s guidelines, and added that it’s not unexpected that bonus payments would be affected as a result of the business downturn.

Experts believe more measures will be announced in January’s Budget to help Singaporeans, as well as enhance the country’s competitiveness in the rough days ahead.

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