Quite a strong signal from the government to support PMET moving to other sectors (a $4,000 monthly wage support). It is a scheme which is capable of supporting workers for about 2 years as they transit to other industries. To me, it is similar to 2009 labour's Policy which our govt utilized to stem unemployment ( and the dangers of a lack of working income
More support for PMETs, especially mature workers: Lim Swee Say
SINGAPORE: With professionals, managers, executives and technicians (PMETs) expected to face job, skill and wage mismatches in the current economy, Manpower Minister Lim Swee Say provided more details on how the government would enhance its Adapt and Grow initiative to support this group, including those who have been unemployed for a longer period of time. The Adapt and Grow initiative was announced during Budget 2016, to help PMETs looking for new jobs.