Singapore's labour crunch: The challenge of making the most of silver capital

Ms Premalattha Sadhasivan, 60, was a manager at a private education institution when it downsized. She later became a social worker and now heads a rehabilitation department, thanks to her managerial experience.
Ms Premalattha Sadhasivan, 60, was a manager at a private education institution when it downsized. She later became a social worker and now heads a rehabilitation department, thanks to her managerial experience.ST PHOTO: CHONG JUN LIANG

When Ms Premalattha Sadhasivan, 60, was asked to take a large pay cut in 2017 as her company was downsizing, she was anxious to find a new job.

Then a manager at a private education institution, she was paying off her elder daughter's education loans for postgraduate medical school overseas. Her husband was semi-retired.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on January 13, 2019, with the headline 'THE CHALLENGE: Making the most of silver capital'. Print Edition | Subscribe