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As Employers Feel the Squeeze in These Tough Times, NTUC's 12

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As Employers Feel the Squeeze in These Tough Times, NTUC's 12 As employers feel the squeeze in these tough times, NTUC’s 12 Social Enterprises remain driven by our social role to make a significant impact on the lives of working people and their families. Our values guide us in everything that we do. We conduct our businesses and exercise leadership as trustworthy and model employers. Social Enterprise Overview Corporate Information on Social Enterprises Help for all in this downturn affordability of a basket of 200 essential SEs continue to grow, they will hire more NTUC SEs are driven by their social role to This economic downturn affects everyone, items. NTUC First Campus maintains fees at workers, which include those who have make a significant impact to the lives of working including NTUC’s 12 Social Enterprises (SE), 15 per cent to 20% below national median been retrenched, back-to-work women people and their families in Singapore in both good fees. NTUC Club keeps family recreation and mature workers. The spectrum of jobs and bad times. which will also come under strain. But the affordable and accessible through its Family available will include both rank-and-file NTUC SEs pledge to do all they can to save jobs Recreation FUNd vouchers. workers as well as Professionals, Managers, Standing united, they are ever ready to do even and help families overcome this downturn as • Help Retrenched Workers – Families with Executives and Technicians. more to help. children and the elderly will continue to enjoy • Grow their business through skills upgrading. members of a united Labour Movement (LM). the services of NTUC First Campus and NTUC SEs will send their workers for training NTUC Eldercare even if a family member to upgrade their skills. This will also help were to be retrenched. In collaboration with position NTUC SEs for further growth when “This global downturn is likely Upturn the Downturn OCBC, NTUC First Campus has extended the economy recovers. For example, NTUC to be longer and deeper than The current downturn is the worst the world has its Bright Horizons Trust (BHT) Fund to FairPrice and NTUC Club have sent their previous ones. Many have seen since World War II. It has been affecting help children of retrenched parents. OCBC staff for Customer-Centric Initiative (CCI) people and businesses in every strata of society. donated $200,000, which was added to training to improve their service standards. been affected: retrenched Despite the economic pressures NTUC SEs face, the $300,000 set aside by BHT Fund for The benefits derived from better-trained workers have lost their they will continue to help workers and families this purpose. With this collaboration, more service staff serves as an exemplary example jobs; rank-and-file workers upturn the downturn. NTUC SEs will do all they retrenched parents will get to enjoy childcare for the other NTUC SEs to embark on CCI. have lost their overtime; can to: fee subsidies. Similar subsidies are also excess workers have taken • Moderate Cost of Living – NTUC SEs will available under the Eldercare Trust Fund. Reaching out to more and making continue to keep their products and services NTUC Thrift allows loan repayments to be the difference on shorter work week and at reasonable and affordable prices. For rescheduled for retrenched members, and The collective goal of NTUC SEs is to deliver good suffered wage cuts; older instance, NTUC FairPrice has extended its NTUC Choice Homes is waiving its first six quality goods and services at affordable rates workers could not get re-employed; unskilled workers 5 per cent housebrand discounts till months of maintenance charges for buyers that are widely accessible. For example, NTUC have been pressured by cheap sourcing; and the list December 2009. This will cost NTUC of Yew Tee Residences who have been FairPrice has been able to help moderate cost of goes on. FairPrice a total of $12 million since retrenched. living because it has a network of 222 stores in its inception from December 2007 to • Contribute to NTUC U Care Fund – NTUC several formats that serves 1.5 million shoppers December 2009. NTUC FairPrice will also SEs have contributed generously to NTUC each week. Likewise, other NTUC SEs will look to NTUC Social Enterprises have responded exceedingly continue to ensure that its basket of 400 U Care fund. This will help scale up NTUC expand their capacity to help more people. NTUC well in this downturn. They stepped up their DO EveryDayLowPrice items are lower or at Care and Share programmes to reach more First Campus is expanding its network of My GOOD efforts by keeping prices of goods and least equal to its competitors’ price for the workers and their families in this downturn. First Skool and The Little Skool-House childcare services as low as possible for workers and members same products. NTUC FairPrice has further NTUC SEs’ corporate partners have also centres in response to the Government’s call embarked on the Yellow Dot scheme, which joined in the LM’s fund-raising efforts. For to improve the quality of the pre-school sector. of the public. At the same time, they stepped features cheaper items to budget-conscious example, NTUC Choice Homes rallied NTUC Foodfare is opening more foodcourts forward with their DO WELL efforts by cutting costs consumers. Lower-priced items of good support from its corporate partners to donate and coffeeshops to serve more members. to save jobs and avoiding retrenchment. They also value – from rice, eggs, sugar, cooking oil, $334,600 to NTUC U Care fund. NTUC Link is delivering more than $8 million responded to the tripartite partners’ call to upgrade coffee powder, biscuits to jams – that are worth of LinkPoints savings to members, and is workers’ skills, productivity and service quality, and labelled with the Yellow Dot are up to SEs as model employers further strengthening the LinkPoints Programme 25 per cent cheaper than even its As model employers that care, NTUC SEs will take by adding more merchants and partners as are hiring even more to expand their operations to housebrand items. NTUC Income has the lead during this downturn to act on the LM’s well as offering better rewards and exclusive position themselves for the upturn when the economy launched a $6 million special assistance worker-centric commitments. NTUC SEs will: privileges. NTUC LearningHub is ramping up recovers. In short, NTUC cooperatives are doing scheme to help its lower-income and • Avoid retrenchment. NTUC SEs will cut costs its capacity to retrain workers under the Skills GOOD as Social Enterprises, and DOING WELL as elderly Incomeshield policyholders cope to save jobs in this downturn. Retrenchment Programme for Upgrading and Resilience (SPUR), socially responsible employers.” with premium revisions. NTUC Healthcare, will be the last resort. in close partnership with e2i (Employment and through its pharmacy chain, maintains the • Avoid record unemployment. As the NTUC Employability Institute). 102 103 Social Enterprise Development Council Lim Boon Heng John De Payva Lim Swee Say Teo Yock Ngee Ng Ser Miang Ng Kee Choe Chua Cher Choon Chairman Advisor Member Member Member Member Member Goh Chee Wee Lim Jit Poh Noel Hon Tan Soon Yam Gabriel Teo Tan Kian Chew Chan Tee Seng Member Member Member Member Member Member Member Social Enterprise Development Council (SEDC) was formed in January 2007 to provide stronger impetus towards the development of the NTUC Social Enterprises to be best-in-class. The core mission of the SEDC is to ensure that the NTUC Social Enterprises continue to be competitive and to deliver social impact built on financial sustainability. 104 105 NTUC Choice Homes Co-operative Limited 1 Marina Boulevard #15-05 NTUC Centre Singapore 018989 Tel 62138822 Fax 63275966 Website www.ntuc-choicehomes.com Board of Directors Chairman Ng Ser Miang Deputy Chairman May Ng Bee Bee Directors Ng Ser Miang May Ng Bee Bee Chan Wing Leong Steven Choo Kian Koon Hri Kumar Nair Benedict Kwek Gim Song Lim Kuang Beng Ng Eng Kiong Cynthia Phua Siok Gek Adeline Sum Wai Fun Tan Kian Huay Thomas Tay Jwee Hwa Melissa Yam Lye Ching Chan Wing Steven Choo Cooperative Secretary Leong Kian Koon Tan Poh Leng Artist’s impression of Dakota Residences Hri Kumar Nair Benedict Kwek Gim Song The property market is a barometer of the economic climate and we foresee that this year would be most challenging. Lim Kuang Beng Ng Eng Kiong But, we will not waver in our commitment to support the success for the cooperative. It was able to Labour Movement initiatives Building up to rally 38 of its commercial partners for this event. such as Care and Share. 12 corporate donors joined Mr Lim Swee Say, Minister in the Prime Minister’s Office and NTUC Ms Margaret Goh, Chief Executive Officer, Choice Homes support workers Cynthia Phua Adeline Sum Secretary-General, in the Golf Challenge. Special Siok Gek Wai Fun Guest for the event was Mr Lim Boon Heng, If you’ve wondered why NTUC has Minister in Prime Ministers’ Office. a real estate developer as one of its Social Mr Ng Ser Miang, Chairman of Choice Homes, Enterprises, this is a good time to find out why. and Ms Adeline Sum, Chief Executive Officer NTUC Choice Homes Co-operative Limited, which of Singapore Labour Foundation (SLF) were like most developers who made money during the also invited to the event. The SLF matched the Choa Chu Kang in the west, and Tanah Merah and property boom years, has opened its wallet wider contribution from Choice Homes dollar-for-dollar. Simei in the east. These projects are also near Tan Kian Huay Thomas Tay than ever to help the Labour Movement.
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