According to Sunday Times today (read full article here ), there is a spike in the number of PR applicants lately at the Immigration and Customs Authority (ICA).
Labour watchers say one reason for the desperation of these PR applicants is the recession. Foreigners who fear for their jobs are making a beeline to apply for PR so they can remain here in case they get axed.
Employment pass, S-pass and work permit holders can remain in Singapore for between seven and 14 days if they lose their jobs. Personalised employment pass holders can remain unemployed here for up to six months, while PRs can remain here until their five-year re-entry permit expires.
No figures were given for the number of these non-PR workers and the number of PRs granted in recent months since the global financial crunch took a toll on our export-oriented economy. With limited jobs going around, these newly “converted” PRs will offer stiff competition to fresh graduates and retrenched middle-aged managers and executives thereby depressing the overall labor wages.
http://wayangparty.com/?p=4743
Labour watchers say one reason for the desperation of these PR applicants is the recession. Foreigners who fear for their jobs are making a beeline to apply for PR so they can remain here in case they get axed.
Employment pass, S-pass and work permit holders can remain in Singapore for between seven and 14 days if they lose their jobs. Personalised employment pass holders can remain unemployed here for up to six months, while PRs can remain here until their five-year re-entry permit expires.
No figures were given for the number of these non-PR workers and the number of PRs granted in recent months since the global financial crunch took a toll on our export-oriented economy. With limited jobs going around, these newly “converted” PRs will offer stiff competition to fresh graduates and retrenched middle-aged managers and executives thereby depressing the overall labor wages.
http://wayangparty.com/?p=4743
