SINGAPORE - The National Wages Council will reconvene this year, to look at revising its annual wage guidelines as the Covid-19 pandemic roils the labour market.
Workers were represented by National Trades Union Congress president Mary Liew and assistant secretary-general Desmond Choo as well as five other union leaders. The NWC also said the monthly variable component of salaries can be adjusted first if the employer cannot wait until the end of the year to adjust annual variable parts of pay. But employers should set clear guidelines on reversing any reductions to MVC or basic salary when business recovers.
The council has also commented over the years on issues such as raising productivity, ensuring inclusive growth and raising the retirement age. 4. Two months of deliberations - usually The council's work was expedited this year due to the economic uncertainty caused by Covid-19. It was convened on March 17 and released its recommendations on March 30.
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