The policy ‘U-turn’ is brought about by global disruptions that Singapore has been experiencing in recent years, an analyst says.
Singapore will begin unprecedented unemployment payouts capped at S$6,000 over six months for retrenched Singaporean workers aged 21 and above, starting next month, due to global disruptions. The policy is a "U-turn" to support workers like Julie Lee, who faced financial strain after redundancy, even with existing initiatives like SkillsFuture.
