Tripartite Advisory on Managing Manpower Challenges for Enhanced Competitiveness and Sustainability
There have been some signs of economic recovery. Following quarterly declines of 9.5% and 3.2% in the first and second quarter 2009 respectively, GDP growth is projected to grow by 0.8% for the 3rd quarter. MTI has also upgraded the economic forecast to minus 2.5% to minus 2.0% from minus 4% to minus 6%. The tripartite parties have met and decided to issue an advisory to help employers manage manpower challenges in a recovery and wage pressures in the short term.
This advisory should be read in conjunction with the NWC Guidelines for 2009/2010(released on 3 June 2009) and theRevised Tripartite Guidelines on Managing Excess Manpower (revised on 17 May 2009).
Click here for the Tripartite Advisory on Managing Manpower Challenges for Enhanced Competitiveness and Sustainability.
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