NDR 2023: Retrenched workers to get interim financial support while reskilling for better jobs

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NDR 2023: Retrenched workers to get interim financial support while reskilling for better jobs
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Details of the new Government scheme will be provided after the Forward SG public consultation ends. Read more at straitstimes.com.

SINGAPORE – To help retrenched workers get back on their feet confidently, the Government will provide them with temporary financial support so that they can focus on upgrading their skills for a better long-term job.

“It will be a temporary safety net to help you meet immediate needs to free you to upskill and train, as you prepare yourself for a good long-term job,” Mr Lee said.He said details of the scheme are being fine-tuned and the 4G leaders will share more after the Forward Singapore public consultation wraps up, with a final report set to be released later in 2023.Mr Lee said the move comes as new economic sectors sprout up with a wide range of job opportunities, such as in the digital domain.

“We can certainly expect more job disruptions. More of our workers will be affected by such disruptions and may lose their jobs several times throughout their careers,” Mr Lee said in Malay.

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