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Singapore : NTUC unveils $13m fund to raise oil sector wages

Publish Date : 08-Nov-2012

NTUC said Wednesday that its oil, petrochemical, energy & chemical (OPEC) cluster will move towards progressively higher wages by setting aside S$13 million for training and skills upgrading of 1,000 technical professionals.

It said: \"The OPEC sectors have been facing the key challenges of an ageing Singaporean core in the technical professional workforce and attracting new entrants, despite competitive pay and prospects.\"

Partnering NTUC\'s e2i (Employment and Employability Institute) and Singapore Workforce Development Agency, the cluster will work with companies in the sectors to cultivate in-depth specialised expertise for more locals, it said.

The fund, it added, will provide allowances and subsidies for companies to attract and upgrade the Singaporean core, develop and structure the companies\' training and development frameworks, and help to enhance employee progression from technical to engineering positions.

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