Wednesday, February 08, 2006

Singapore: Companies Commit to Reemploy Retired Workers

Dominique Loh reports for Channel NewsAsia that Singapore's labour movement has signed on 23 companies that have committed to re-employ workers after they retire at 62. In addition, as part of the $30 million effort that the Tripartite Committee on Employability of Older Workers and the Singapore Workforce Development Agency have called the ADVANTAGE! Scheme, the National Trades Union Congress (NTUC) is getting more companies to adjust their work environments, so they can also accommodate older workers.
Some companies say hiring older workers hinge on several factors like work attitude, past performances and the medical and physical well-being of these workers. But NTUC's Secretary-General Lim Boon Heng noted there are other challenges ahead. He said the labour problem for Singapore was even more acute when it comes to women, because they leave the workforce when they start a family to raise children. And as women grow older, the percentage of those who remain in the workforce also drops significantly, and bearing in mind most women also live longer than men. Mr Lim said one way to combat this problem was finding part-time jobs that women can fulfil in the workforce.
Source: " 23 companies pledge to re-employ older workers" (February 7, 2006)

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