AmCham Singapore New Members
As we progress through 2020, the chamber will like to welcome all new members into our business community.
AmCham Singapore Events Dinner
AmCham events are highly sought after and offer unprecedented access that will propel your firm to ever greater heights.
AmCham Programs have been making huge positive impacts since their inception. From propeling careers to lending a helping hand to fostering the next generation, AmCham is committed to always being a solidly dependable partner.
AmCham Singapore Committee Presentation
AmCham Singapore Heng Swee Keat Talk
AmCham represents our members at the highest levels of government in Singapore and Washington. This is advocacy that brings about positive change and achieves results.
AmCham Singapore CSR Walk
CSR is a platform to benchmark, and share best practices, as well as encourage member companies to improve their current corporate social responsibility programs.
Events
CALENDAR
04
Aug
About Us
Learn about us and the people who work hard for you everyday to make it all happen.
Board Of Governors
Executive Team
Careers & Internships
AmCham
News
Your latest news right at your finger tips.
Slider
Aug
04
Events
CALENDAR
AmCham
News
Slider

MOM and TAFEP have released key findings on the cost-saving measures adopted by employers severely impacted by the COVID-19 situation. It is reasonable for employers to ask employees to tap on existing leave entitlements or even take some no-pay leave when business activity has been severely reduced. If an employer’s cost-saving measures appeared to be excessive in the notification submitted to MOM, TAFEP would intervene to further assess if the measures were fair and reasonable.

  • Key findings from employers’ notifications on cost-saving measures:
  • Majority of employers from sectors severely impacted by COVID-19: accommodation and food services (24%), construction (16%), and wholesale and retail trade (15%).
  • The top three cost-saving measures implemented were
    • No-pay leave
    • Adjustments to monthly salary components (most employees experienced salary reductions of up to 25%)
    • Shorter work week

MOM and TAFEP will continue its engagement efforts to guide and support both employees and employers. More information is available here.