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Singapore Democratic Party leader calls for retrenchment insurance

Singapore Democratic Party leader calls for retrenchment insurance

Singapore Democratic Party leader calls for retrenchment insurance
Singapore Democratic Party (SDP) secretary-general Chee Soon Juan has reiterated his call for retrenchment insurance, saying the city state is one of the few countries in the world without such a scheme.
 
Chee, the SDP candidate for the upcoming Bukit Batok by-election, painted a bleak economic outlook, warning that retrenchments would outnumber the jobs created in the "foreseeable future,” the Channel News Asia reported.
 
He described the situation as “serious” and noted that major firms including oil companies have relocated to Singapore’s neighbours.
 
“If you have the interest of Singaporean workers at heart, you want to be able to provide them with some sort of shock absorber if one day they get called into the office and they're told that you don't have to come in tomorrow,”  Channel News Asia quoted Chee as saying.
 
Chee claimed that even parliament members belonging to the People’s Action Party were saying that it was "high time" to introduce a retrenchment insurance scheme.
 
“This is what we want to do when we get into Parliament: We want to push, work with the other MPs, regardless of their party affiliation,” he said.