The Labour Movement raises $25 million that will go towards the NTUC-Education and Training Fund

Model ID: 069ece77-7af1-4b5c-af04-da67c80cead1 Sitecore Context Id: 069ece77-7af1-4b5c-af04-da67c80cead1;

To meet the changing needs and aspirations of our working people, it is crucial for the Labour Movement to also evolve so as to remain relevant. To help working people achieve sustainable skills upgrading and fulfil their career aspirations amid technological disruption, the Labour Movement will work together with all stakeholders to develop relevant training courses so that our working people will be equipped with the right skills to overcome new challenges and grab new opportunities.

 

$100 million Boost to the NTUC-Education and Training Fund

 

The NTUC-Education and Training Fund (NETF) was set up to help our working people in skills upgrading and re-skilling. The NTUC announced that it has raised a total of $25 million for NETF at the May Day Rally Appreciation Lunch today. This will enable us to inject an additional $100 million, achieving the halfway mark of $200 million, into the NETF as we continue to reach out to more donors in the coming months. Investment income from the NETF trust fund will be used to fund courses through course fees subsidies. Union members can tap on more than 3,200 training courses to enjoy course fee subsidy, capped at a maximum of $250 per year, under the Union Training Assistance Programme supported by the NETF. Looking ahead, we will also use the NETF investment income to catalyse new models of adult learning to hasten our speed-to-market turnaround time for working people. 

 

With strong support from the Unions, U Associate, U SME, Government as well as corporate and individual donors who share our common objective in mobilising working people to embrace continuous lifelong learning, we will be able to push forth our goal to achieve sustainable skills upgrading for worker.

 

70 donors who have come on board to pledge their donations to the NETF were presented with Certificates of Appreciation by NTUC President Mary Liew and Secretary-General Chan Chun Sing. (Please see below for the list of donors). 

 

Working Together to Achieve Sustainable Skills Upgrading Nationwide

 

NTUC will intensify our efforts to help working people acquire new knowledge and skills within the shortest speed-to-market turnaround time through our continued partnership with 14 Institutes of Higher Learning (IHLs) in Singapore. We have also partnered Nanyang Technological University and Singapore University of Social Sciences to offer over 100 blended courses since its launch in May 2016, that enable working professionals to update their knowledge and acquire relevant skills without the need to pursue a full degree qualification. These collaborations will help to advance the professional development of our workforce quickly in preparation for future challenges. 

 

The Labour Movement will continue to collaborate with all stakeholders such as the Government, companies, business owners and senior executives of small and medium-sized enterprises, freelancers and the self-employed as well as IHLs, to develop relevant training courses to meet the specific needs of our working people so that they can take on the jobs of tomorrow as the economy transforms.

 

******

 

List of NETF Donors 

Donation of $1 Million and above

1. Stephen Riady Foundation 2. CapitaLand Limited 3. DBS Bank Ltd 4. Mini Environment Service Pte Ltd 5. PSA Corporation Limited 6. Singapore Airlines Limited 7. Singapore Telecommunications Limited 8. SP Group 9. Singapore Technologies Engineering Ltd

Donation of $500,000 to Below $1 Million

10. Singapore Maritime Officers’ Union 11. The Singapore Manual & Mercantile Workers’ Union 12. Singapore Organisation of Seamen

Donation Below $500,000

13. Lian Lee Lee 14. Tony Tan Choon Keat 15. Tony Phua BBM 16. Yue Lina 17. Capgemini Singapore Pte Ltd 18. Centurion Group of Companies 19. CKL Holdings Pte Ltd 20. CMM Global Group Ltd 21. Gain City Best-Electric Pte Ltd 22. Harley-Davidson Asia Pacific Pte Ltd 23. Hasetrale Holdings Pte Ltd 24. Kian Seng Fresh Produce Pte Ltd 25. Koufu Pte Ltd 26. Lian Beng Construction (1988) Pte Ltd 27. Multihub Enterprise Pte Ltd 28. Neo Group Limited 29. Serial System Ltd  30. Super Coffee Corporation Pte Ltd 31. The Institution of Engineers, Singapore 32. Virgoz Oils & Fats Pte Ltd 33. Attractions, Resorts & Entertainment Union 34. Amalgamated Union of Public Daily Rated Workers 35. Amalgamated Union of Public Employees 36. Amalgamated Union of Statutory Board Employees 37. Building Construction And Timber Industries Employees’ Union 38. Chemical Industries Employees’ Union 39. DBS Staff Union 40. Education Services Union 41. Food, Drinks and Allied Workers Union 42. Housing and Development Board Staff Union 43. Healthcare Services Employees’ Union 44. Keppel FELS Employees' Union 45. Metal Industries Workers' Union 46. Ngee Ann Polytechnic Academic Staff Union 47. National Transport Workers’ Union 48. Port Officers' Union 49. Singapore Airport Terminal Services Workers’ Union 50. Singapore Bank Employees’ Union 51. Singapore Bank Officers’ Association 52. Singapore Chinese Teachers’ Union 53. SIA Engineering Company Engineers and Executives Union 54. Singapore Airlines Staff Union 55. Singapore Insurance Employees’ Union 56. Singapore Industrial & Services Employees’ Union 57. Shipbuilding and Marine Engineering Employees’ Union 58. Singapore Port Workers Union 59. Sembawang Shipyard Employees' Union  60. Singapore Shell Employees' Union 61. Singapore Tamil Teachers’ Union 62. Singapore Teachers’ Union 63. Staff Union of NTUC-ARU 64. Union of ITE Training Staff 65. Union of Power and Gas Employees 66. Union of Security Employees 67. Union of Telecoms Employees of Singapore 68. United Workers of Electronics & Electrical Industries 69. United Workers of Petroleum Industry  70. National Taxi Association