Update: The original video was made private but I found another copy of it on Youtube and replaced it.
This song was sung by Labour Chief Lim Swee Say and directors at an NTUC event (NTUC is our pro-business and at the same time, pro-worker union, one of the 7 Wonders of the Modern World).
After extensive watching and rewatching of this epic video (I took one for the team), I think the lyrics of the NTUC song go something like this:
Upturn the Downturn
In this downturn, workers may feel sad
When its upturn, we will all be glad
Go for help and e2i
Or call union hotline
Cut costs save jobs good for Singapore
With some help from SPUR and also Jobs Credit
U Care Fund and all our SEs
For U, from U
Let us stand in pride and unity
We are pro-workers oi oi
We are pro-business oi oi
Upturn the downturn.
I loved the bit at 1:14 where Josephine Teo held her hands up for a High Ten, and er...