The Hindu Business Line, 3 May 2009, Preeti Mehra
Recently in Singapore If you can’t keep them, train them. And get an incentive for it. That’s the strategy corporates in Singapore are adopting in the face of increasing lay-offs in the manufacturing, banking and financial sectors as fallout of the recession in the West.
With factory production lines grinding to a halt and businesses in banks, airlines, printing and publishing slowing down, the Government is giving incentives to companies to retain staff and use the downturn period to upgrade skills and ready employees for the upturn.
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