08 Jul '11, 6am

[News] Singapore to face a labour crunch?: Singapore is likely to face a labour shortage as a result of dwindlin...

[News] Singapore to face a labour crunch?: Singapore is likely to face a labour shortage as a result of dwindlin...

S’pore could face a labour shortage as major manpower suppliers battle their own labour crunch, says labour … Singapore is likely to face a labour shortage as a result of dwindling manpower supply from major suppliers such as China, warned labour leader Ong Ye Kung on Thursday. Speaking at a conference organised by Human Capital Singapore , the deputy secretary-general of the National Trades Union Congress explained that major manpower suppliers are holding on to their workers as they battle their own labour crunch. As wages rise in China for instance, 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." "This presents a whole new challenge to industries in the medium term -- how to find enough workers and continue to ...

Full article: http://sg.news.yahoo.com/blogs/singaporescene/singapore-f...

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S'pore may face labour crunch via @cmswire

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