Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Singapore : $70m more for scheme to help firms raise productivity
Publish Date : 02-May-2012
Another $70 million of government money is to be pumped into a scheme that helps to give workers a pay rise by funding productivity projects in companies.
Since the Inclusive Growth Programme was launched in 2010, about $30 million has been spent on more than 500 projects to help companies invest in equipment and redesign jobs.
As a result, about 33,000 low-wage workers have received increases to their basic pay averaging 10 per cent.
Convinced that the programme is working, the Government is injecting another $70 million over the next three years to help 70,000 more employees.
