Singapore’s “tripartite” system of industrial relations helped save jobs and businesses during the recession, the three partners say. The Ministry of Manpower, the Singapore National Employers Federation and the National Trades Union Congress, representing Government, employers and workers respectively, say their combined advice helped businesses to rein in costs and keep jobs alive.
“Singapore's strong tripartite partnership has enabled it to respond swiftly and effectively to the downturn,” they said in a joint statement this week, exactly one year after releasing the “Tripartite Guidelines on Managing Excess Manpower”.
Now, the partners are looking to make the most of the economic recovery. They have released new guidelines, to help firms best manage manpower issues in the new, more competitive, environment.
“Both employers and employees need to work together to ensure that this recovery is sustainable and that Singapore emerges well prepared to deal with the challenges and opportunities ahead,” the three bodies said in a joint statement. “This will further strengthen the confidence of businesses and investors, raise national competitiveness and capability to the next level, and ensure that Singapore continues to achieve sustainable economic growth and social progress.”