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FairPrice eligible non-executive staff enjoyed a 15.8%
in wage increment and adjustment, whereas staff with
basic monthly pay less than S$1,000 saw the biggest
built-in wage jump of about S$140, almost three
times the National Wages Council’s recommendation.
While manpower costs would increase by over S$10
million per year as a result, it served to ensure that
FairPrice staff’s salaries remain competitive.
In November 2011, the flood in Thailand and governmental legislation
resulted in concerns among customers about the increase in rice
prices. To allay these fears, FairPrice held prices of Housebrand rice
since then till June 2012. As an extended effort, FairPrice continued
to freeze the prices of rice till December 2012, and a second
extension was subsequently made to last till March 2013.
FairPrice officially opened the fifth FairPrice
Xtra store at Changi Business Park, also
the first hypermarket in the Eastern part of
Singapore. At the opening ceremony hosted
by FairPrice Chairman Mr Ng Ser Miang, plans
were announced on a new hi-tech distribution
centre to further boost its supply chain
productivity. FairPrice Xtra stores were also
the first among supermarket retailers to
receive the Businesses for Families Mark.
FairPrice continues to
hold prices of Housebrand rice
FairPrice launches
new hypermarket
in the East and
steps up productivity
FairPrice non-executive staff
get wage increment
and adjustment
HIGHLIGHTS OF THE YEAR
DOING WELL DOING GOOD
