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Business11 March 20201 min read

MoM: Firms to report cost-saving measures that affect employees’ salaries

Singapore Employers need to notify the Ministry of Manpower (MOM) if they introduce any cost-saving measures that affect employees' monthly salaries. "This is to encourage a sense of social responsibility and prevent downstream salary disputes," Manpower Minister Josephine Teo sa

Editorial Team Legacy

Published 11 March 2020, 8:00 · Updated 21:39

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MoM: Firms to report cost-saving measures that affect employees’ salaries

Singapore

Employers need to notify the Ministry of Manpower (MOM) if they introduce any cost-saving measures that affect employees’ monthly salaries.

"This is to encourage a sense of social responsibility and prevent downstream salary disputes,” Manpower Minister Josephine Teo said in a speech at the Singapore Business Federation, today.

“The notifications will also allow MOM to monitor the scope and scale of such measures, and whether more government interventions are needed,” she added.

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