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Sdp proposes restart to support retrenched workers
An honorable member of the Coffee Shop Has Just Posted the Following:
SDP PROPOSES RESTART TO SUPPORT RETRENCHED WORKERS Post date: 10 Feb 2015 - 6:17pm When Singaporeans are retrenched, they are left out in the cold with no financial protection. Through no fault of theirs, retrenched workers suddenly find themselves in uncertainty and hardship. Low-wage workers are especially vulnerable as they have no say in company restructuring or the factors that cause MNCs to relocate their operations. This affects even middle-income professionals in the fields of life sciences and hospitality. Unexpected lay-offs cause severe strain on the entire family with serious social repercussions. Even though income stops, the bills don't. The family still needs to eat, children still need to go to school, and electricity bills still need to be paid. On the other end, when CEOs and top managers are let go, they are given golden handshakes, sometimes worth millions of dollars. To remedy such an imbalance, the SDP proposes a retrenchment insurance scheme called RESTART (Re-Employment Scheme and Temporary Assistance for the ReTrenched) for our workers who find themselves laid-off from work. Here's how it works:
Based on a 5% unemployment rate, we estimate RESTART's budget to be $2 billion a year. This budget will come from
To prevent abuse of the programme, those relieved of their work due to misconduct, resign from their jobs or worked with the company for less than a year will not be eligible for RESTART. As the name, suggests, RESTART is meant to provide temporary assistance to retrenched workers and to help them get back on their feet to contribute to the economy. It will help to reduce tension and hardship for families, keeping our social fabric secure and strong. Singapore Democrats Source: YourSDP.Org Click here to view the whole thread at www.sammyboy.com. |
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