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Does the JCS really save jobs when even GLCs are retrenching workers?

One week after the Budget, even GLCs are retrenching

One week after the Finance Minister announced the Budget, companies continue to retrench workers. Despite the newly-introduced Jobs Credit Scheme (JCS), which was touted as a job-saving initiative, even government-linked companies are laying off employees.

Is it too early to say whether the JCS will indeed help to save jobs? Or are employers, which include government-linked companies, more concerned about their bottomline?

 In short, does the JCS really save jobs?

23 January 2009

 

30 January 2009

 

31 January 2009