Bosses: 3-6 months' payouts are ok
Wed, Nov 18, 2009
The Straits Times
By Nur Dianah Suhaimi & Cassandra Chew
BOSSES are willing to give their older workers payouts that, on average, range between three and six months' wages - in the event that they cannot offer the workers continued employment beyond the retirement age of 62.
They gave this range yesterday in response to a new proposal that bosses give a one-off payment to tide these workers over while they look for a new job.
But one of the 10 companies interviewed said it would give just one month's wages, while another was willing to give up to two years' salary.
Wed, Nov 18, 2009
The Straits Times
By Nur Dianah Suhaimi & Cassandra Chew
BOSSES are willing to give their older workers payouts that, on average, range between three and six months' wages - in the event that they cannot offer the workers continued employment beyond the retirement age of 62.
They gave this range yesterday in response to a new proposal that bosses give a one-off payment to tide these workers over while they look for a new job.
But one of the 10 companies interviewed said it would give just one month's wages, while another was willing to give up to two years' salary.