Budget 2024: New financial support scheme in the works for retrenched workers

Budget 2024: New financial support scheme in the works for retrenched workers

Channel NewsAsia - Commentary·2024-02-16 18:01

SINGAPORE: The government is working out the parameters of a new temporary financial support scheme to help retrenched workers while they undergo training or look for another job, announced Deputy Prime Minister Lawrence Wong on Friday (Feb 16).

In his annual Budget speech, Mr Wong – who is also Finance Minister – added that more details about the scheme will be provided later this year. It will be part of a revamp and expansion of the country’s SkillsFuture programme.

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