emploi

The NTUC, by the voice of Labour Chief Lim Swee, is reported to be advocating an economic policy that would still be enough foreigners friendly not to compromise the country's global competiveness but would provide Singaporean with privilege.

As Singapore growth paces down and the singaporean society gets more mature, there is a visible tension amongst Singaporeans who want more visible signs of what's for them in the development of their country. While the general economic model, based on facilitating Foreign capital investment, is not questioned, the increasing number of foreign workers is seen as having a double side impact on Singaporeans daily life. On one hand, they consider they are increasingly competing with foreign workers on the job market. On the other hand, they feel the pressure of speculation, linked to the rapid growth of the population, feeding inflation and Real Estate prices.

In it's last Quarterly report, the Hudson cabinet laid emphasis on the consolidation of hiring expectations in China, Hong Kong and Singapore. With additional power on the side of job seekers and increased difficulties to retain talents, a majority of respondents indicate that they are likely to make counter offers, mainly by increasing basic salaries, in order to retain employees who would resign to join other companies.

According to figures from the US labour department, US would have cut the fewest job in November (11.000) signaling a sharp recovery from previous months and repositionning the unemployment rate at 10%.

The production sector is still loosing jobs: 61.000 cuts overall, including 41.000 in Manufacturing and 27.000 in construction.