Bloomberg.com, 14 Oct 2008, Jason Gale
Oct. 14 (Bloomberg) -- Company-paid perks from S$25,000 ($17,000)-a-month housing allowances to country club memberships may dry up for Singapore's expatriates as the financial crisis heralds new austerity measures by the nation's richest employers.
``Banks are hiring or replacing more cautiously,'' PricewaterhouseCoopers International Ltd., the world's largest accountancy firm, said in a statement. ``Recruitment today is now focused on critical positions to meet business needs.''
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