#208 retrenchments and wage cuts

Singaporeans are forewarned there will be retrenchments and wage cuts during this recession.

Who are the ones to be retrenched? Will those in the 50s of age bracket be the first to go? The rationale that the older ones are higher wage earner…but the new intake start with higher starting pay without experience!

What about rents on commercial properties? Will there be a freeze or lowering of rates?

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