SINGAPORE'S labour market must remain flexible so that companies can adapt quickly and stay competitive amid uncertainties, Singapore National Employers Federation president Robert Yap said on Friday.
Dr Yap's comments come while the Tripartite Workgroup on Older Workers is discussing a timeline for the raising of the retirement and re-employment ages, after consensus was reached on the need to raise them.Labour chief Ng Chee Meng said earlier this week that the National Trades Union Congress wants to see the retirement and re-employment ages raised to 65 and 70 respectively, up from 62 and 67 now.Dr Yap highlighted the challenge of a rapidly ageing workforce.
SNEF hopes to build on years of cooperation and trust to forge a stronger partnership with NTUC and the Government to tackle such challenges, said Dr Yap.
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