SINGAPORE: SingPost is setting up a $10 million "Inclusivity Fund", which will benefit its low-wage workers.
Over 70 per cent of the fund will go to helping the workers cope with the rising cost of living. This will include retention awards and enhancements to their wages.
Part of the fund will also go into training to help them upgrade their skills.
Staff with school-going children can also stand to benefit from bursaries and scholarships.
The fund will be disbursed over five years and benefit some 3,400 workers.
The company will also be investing about S$30 million to enhance its delivery and improve processes.