07 Jul '11, 11pm

S'pore may face labour crunch via @cmswire

S'pore may face labour crunch via @cmswire

'We are, therefore, likely to be at a turning point of history, from labour glut to labour crunch,' said Mr Ong, deputy secretary-general of the National Trades Union Congress. -- ST PHOTO: JOYCE FANG SINGAPORE could face a labour shortage as major manpower suppliers like China battle their own labour crunch and hold on to their workers, said labour leader Ong Ye Kung on Thursday. As a result of a dwindling labour supply, wages are rising in China and thus industries are moving back to advanced economies like Singapore, driving up demand for workers here, he said. 'We are, therefore, likely to be at a turning point of history, from labour glut to labour crunch,' said Mr Ong, deputy secretary-general of the National Trades Union Congress. 'This presents a whole new challenge to industries in the medium term - how to find enough workers and continue to remain competitive?' H...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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