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Increase in lay-offs by unionised companies in 2015
SINGAPORE — More workers from unionised companies were laid off last year compared to 2014, with almost all the retrenched workers coming from the manufacturing sector, said the National Trades Union Congress (NTUC) this morning (Jan 22).
In its annual outlook for the unionised sector, the NTUC said 2,512 workers from 45 unionised companies were retrenched in 2015, an 11.8 per cent increase from 2014. Of these, 93 per cent of workers retrenched were from the manufacturing sector.
Reasons cited by companies included company restructuring, poor business and closure of operations or discontinuation of production lines, said the NTUC.
For the first quarter of this year, some 234 workers are expected to be retrenched from unionised companies — 31 per cent more compared to the same period last year.
NTUC’s Assistant Secretary-General Cham Hui Fong said this figure is not alarming as it includes workers who were informed by their companies last year as part of a phased retrenchment.
Some 2,098 workers from nine companies went on shorter workweek last year due to low business volume, compared to 1,323 workers from five companies in 2014.
A survey on unionised companies from sectors including electronics and electrical, pharmaceutical and engineering showed a slight dip in employment benefits compared to 2014.
Workers took home a lower annual increment of 4 per cent on average in 2015, compared to 4.3 per cent the year before. Bonus payouts are expected to be an average of 2.98 months, a marginal increase from the 2.89 months in 2014.
About 80 per cent of unionised companies who responded to the survey have also adopted the National Wages Council guidelines of paying at least S$60 built-in wage increases to workers earning S$1,100 and below.
Workers earning between S$1,100 and S$1,300 also saw a wage increment of about 5.4 per cent.
Thank you for voting for PAP!! PAP is the best and help us Upturn the downturn!!!
Increase in lay-offs by unionised companies in 2015
SINGAPORE — More workers from unionised companies were laid off last year compared to 2014, with almost all the retrenched workers coming from the manufacturing sector, said the National Trades Union Congress (NTUC) this morning (Jan 22).
In its annual outlook for the unionised sector, the NTUC said 2,512 workers from 45 unionised companies were retrenched in 2015, an 11.8 per cent increase from 2014. Of these, 93 per cent of workers retrenched were from the manufacturing sector.
Reasons cited by companies included company restructuring, poor business and closure of operations or discontinuation of production lines, said the NTUC.
For the first quarter of this year, some 234 workers are expected to be retrenched from unionised companies — 31 per cent more compared to the same period last year.
NTUC’s Assistant Secretary-General Cham Hui Fong said this figure is not alarming as it includes workers who were informed by their companies last year as part of a phased retrenchment.
Some 2,098 workers from nine companies went on shorter workweek last year due to low business volume, compared to 1,323 workers from five companies in 2014.
A survey on unionised companies from sectors including electronics and electrical, pharmaceutical and engineering showed a slight dip in employment benefits compared to 2014.
Workers took home a lower annual increment of 4 per cent on average in 2015, compared to 4.3 per cent the year before. Bonus payouts are expected to be an average of 2.98 months, a marginal increase from the 2.89 months in 2014.
About 80 per cent of unionised companies who responded to the survey have also adopted the National Wages Council guidelines of paying at least S$60 built-in wage increases to workers earning S$1,100 and below.
Workers earning between S$1,100 and S$1,300 also saw a wage increment of about 5.4 per cent.
