The fund is meant to help employers who “truly cannot pay their salary arrears due to business failure”, Manpower Minister Tan See Leng said recently, as reported by The Business Times.
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People walk on the street during lunch break at Raffles Place in Singapore on January 22, 2025. Photo by AFP |
Firms that “willfully do not pay salaries despite having the means to do so” will be investigated and may face action for breaching employment laws when they are wound up, he warned.
Tan also said his ministry does not track the total number of workers with unpaid wages arising from corporate liquidations.
Nonetheless, he said the government recognizes the importance of employees’ salary claims when employers wind up their businesses.
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