In the first budget speech since a watershed general election in May last year, Tharman announced that the maximum number of foreign workers that manufacturing firms can hire will be reduced to no more than 60 percent of their total workforce from 65 percent previously.
Companies in the services sector now can rely on foreign labor for no more than 45 percent of their total workforce, compared with 50 percent previously.
An estimated 500 manufacturing companies and 8,500 service companies should be affected by the changes. Full story
Related:
Singapore aims to stem rise in foreign workers, help poor - Reuters
Singapore Lifts Aid for Poor as Budget Curbs Foreign Workers - BusinessWeek
Singapore to reduce migrant worker intake - Australia Network News
