
GlobalFoundries laying off 300 in Singapore
Business Review- November 29, 2012 The general manager of GlobalFoundries’ plant in Singapore says the computer chip-manufacturer plans to cut 300 jobs from its headcount, Business Times reports. K.C. Ang told Business Times that job cuts will be across the board, “from operator all the way up to manager.” No time frame...

Evidence mounting that moderate minimum wages can do more good than harm
The Economist- Nov 24th, 2012 MINIMUM-WAGE laws have a long history and enduring political appeal. New Zealand pioneered the first national pay floor in 1894. America’s federal minimum wage dates from 1938. Most countries now have a statutory pay floor—and the ranks are still swelling. Even Germany, one of the few big countries...

China expresses concern over bus driver protest in S’pore
BEIJING, Nov. 29 (Xinhua) -- Ministry of Commerce (MOC) on Thursday urged proper handling of a no-show protest by Chinese bus drivers working in Singapore and called for protecting the legal rights and interests of the Chinese nationals working overseas. A statement quoted an unnamed MOC official as saying the ministry is very...
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