COMPANIES that are doing well and enjoying good business prospects should consider reversing the wage cuts made during the recession.
They should 'take this opportunity to recognise the efforts and sacrifices that workers have put in', Manpower Minister Gan Kim Yong told reporters Saturday.
But he cautioned that in doing so, companies should still remain flexible and responsive to economic changes, as the outlook for next year remains uncertain.
He was asked if companies should reverse their wage cuts, after attending an awards ceremony organised by the Chinese Development Assistance Council.
In its half-yearly macroeconomic review released last week, the Monetary Authority of Singapore (MAS) similarly warned of uncertainties as governments exit from their expansionary policies.
The MAS also noted that half of the country's exports go to economies that are expected to grow more slowly than usual next year.
Reverse pay cuts?
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