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FairPrice rolls out Progressive Wage Model ahead of schedule
The Straits Times
|February 17, 2023
8 in 10 of 10,000 non-executive staff receive wage adjustments of up to 7% this year
FairPrice Group announced on Thursday that it has started to implement the Progressive Wage Model (PWM) for its employees, ahead of the stipulated government schedule of March 1.
About eight in 10 of its over 10,000 non-executive employees have received wage adjustments of up to 7 per cent in 2023.
The initiative is expected to cost the group approximately $90 million, before government subsidies, over a span of three years.
Non-executive employees from its food service business received wage increments last September and in January.
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