• FairPrice vouchers awarded to staff in support of the National Wage Council’s recommendation to help employees cope with inflationary tide

Singapore, 30 May 2008 – NTUC FairPrice is helping its employees cope with the rising cost of living by giving out S$1.5 million worth of FairPrice food vouchers. About 6,000 FairPrice employees, who have been in service for the last financial year, can look forward to receiving the vouchers in amounts ranging from S$100 to S$350. In line with National Wage Council’s recommendations, the higher quantum will be given to lower wage employees.

To further stretch the voucher dollars, FairPrice employees get additional staff discounts, rebates and LinkPoints when they use these voucher dollars to buy their groceries at FairPrice stores.

Group Chief Executive Officer of NTUC FairPrice Co-operative Ltd, Mr Tan Kian Chew said: “NTUC FairPrice Co-operative Ltd prides itself in caring for its employees. The wellbeing of our people is important to us. Through these vouchers, we hope to help our staff cope with the rising cost of living.”

This initiative is in support of the National Wage Council’s call for local employers to help lower-income workers cope with the impact of higher inflation this year.