Support Site for The Unemployed & Underemployed
Thursday January 24th 2019

Singapore: More male workers quitting in their 50s (thomson.asia)

worker

The labour movement in the city state of Singapore has discovered that more men are quitting their jobs in their 50s, years ahead of the state retirement age of 62.

Deputy secretary-general of the National Trade Union Congress (NTUC) Heng Chee How said that many seem to be taking it slow after starting to get their pension at age 55, though argued that many others may become self-employed or leave for family reasons.

He continued: “So for the exact reasons, we would have to study the data more carefully and to see which industries because it may also not be even across all industries.”

After discovering that smaller birth rates may mean a constricted workforce, the government is trying to keep people employed through initiatives like the re-employment law, wherein companies must re-employ fit workers with good work performance when they reach 62, should they want to continue.

Last month, the Singaporean Ministry of Manpower announced that it would be raising standards for foreign worker management by lining up massive penalties for illegal employment agencies.

Posted by Peter ChadADNFCR-3022-ID-19713789-ADNFCR

http://www.thomsons.asia/page/12968/asia/reward-news-knowledge/employee-rewards-and-benefits-news/articles/singapore-more-male-workers-quitting-in-their-50s?fromSearch=true

Number of View: 639

Leave a Reply