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This is good excuse for our bosses huh? SINGAPORE: Economic watchers are expecting the National Wages Council (NWC) to address the issue of salary cuts to brace for the current difficult economic times. ADVERTISEMENT Channel NewsAsia understands from employer and union representatives that the council, which was reconvened recently, met again on Wednesday. Its revised guidelines are expected next week. The last time the NWC recommended a wage cut to save jobs was in 2003 during the SARS period. In 2003, the NWC proposed that in view of the severe impact of SARS on the economy, companies directly affected by the outbreak implement appropriate wage cuts to survive the downturn and to save jobs. Economic watchers said the time has come for the NWC to revisit this need for companies to survive and save jobs. Dr Tim Phillippi, executive director, Singaporean
