Albeniz Turbocharged January 27, 2009 Share January 27, 2009 Heard the news headline. There were 85,000 job losses (globally) in just a single day, today (27th Jan 2009). IBM has cut 2,800 jobs and Qimonda has filed for bankruptcy. The economic situation looks very scary. ↡ Advertisement Link to post Share on other sites More sharing options...
Watwheels Supersonic January 27, 2009 Share January 27, 2009 LINK It's scary to see so many ppl loose job in one day. Link to post Share on other sites More sharing options...
Yuan 6th Gear January 27, 2009 Share January 27, 2009 Heard the news headline. There were 85,000 job losses (globally) in just a single day, today (27th Jan 2009). IBM has cut 2,800 jobs and Qimonda has filed for bankruptcy. The economic situation looks very scary. I am shocked to hear that Caterpillar is one of those companies as part of the retrenchment exercise for these 85,000. Link to post Share on other sites More sharing options...
Albeniz Turbocharged January 27, 2009 Author Share January 27, 2009 Fiat may have to retrench 60,000 workers if the company don't receive the financial assistance. Link to post Share on other sites More sharing options...
Jeo01 Neutral Newbie January 27, 2009 Share January 27, 2009 The link put 'Find out which companies are cutting jobs, and what jobs are at risk.' Where to find? Link to post Share on other sites More sharing options...
Albeniz Turbocharged January 27, 2009 Author Share January 27, 2009 Thanks to Familymanz, the retrenchment watch link is as follows: http://4.jfserver.info/community/retrenchm...&order=desc Link to post Share on other sites More sharing options...
Limhm Neutral Newbie January 27, 2009 Share January 27, 2009 Now most companies r taking tis golden opportunity(recession period) to discard unwanted employees without feeling guilty n no nid valid reasons...In few months' time, u will see them recruiting new young blood, cheaper mah...IMHO. Link to post Share on other sites More sharing options...
Espire 1st Gear January 27, 2009 Share January 27, 2009 UBS still pays out bonuses http://business.asiaone.com/Business/News/...126-117349.html Link to post Share on other sites More sharing options...
Wanderer Clutched January 27, 2009 Share January 27, 2009 Well, the worst is yet to come........ Link to post Share on other sites More sharing options...
Tkseah Supercharged January 28, 2009 Share January 28, 2009 scary... makes one think twice about buying car now.. Link to post Share on other sites More sharing options...
Ridethewave Neutral Newbie January 28, 2009 Share January 28, 2009 Well, the worst is yet to come........ You are absolutely right! What we are seeing is the full blown effect in the US, rippled across Europe then to Asia. In SG, we are experiencing only like 60% of the effect, the worst is yet to come.......the next 6-12 months will give us a good idea of the severity of the situation. Having cash on hand is king... Link to post Share on other sites More sharing options...
Albeniz Turbocharged January 28, 2009 Author Share January 28, 2009 Heard from 938 Live that retrenchment in Singapore will come after the 15th day of Chinese New Year Link to post Share on other sites More sharing options...
Little_prince Supersonic January 29, 2009 Share January 29, 2009 yeah... i think the govt as the companies to hold back retrenchment exercise after CNY... Link to post Share on other sites More sharing options...
Perrier 1st Gear January 29, 2009 Share January 29, 2009 Heard from 938 Live that retrenchment in Singapore will come after the 15th day of Chinese New Year There is only this much the government can do to "discourage" retrenchment. The butcher knives are still in the hands of the companies. It is really really bad even though you still can't really feel it in the shopping centers and restaurants. it will come swift and painful. Many Singaporeans have over-leveraged their spending power and will be hit very very badly. Housing loans, car loans, credit card loans and finally interest-free installment loans. Developers may be desperate to keep the sheep alive but not the banks. Link to post Share on other sites More sharing options...
Perrier 1st Gear January 29, 2009 Share January 29, 2009 yeah... i think the govt as the companies to hold back retrenchment exercise after CNY... My relative working in Phillip is telling me another round is coming. Link to post Share on other sites More sharing options...
Rickster 5th Gear January 29, 2009 Share January 29, 2009 Ya, heard it on 938 Live also. Dammit! All these radio stations and newspapers really need to control their contents. They speculating bad news around for FXXX?!?! The severity of this whole situation arnd the world right now is made worse due to negative sentiments. I dare say there is a general consensus among the media in world - "To entertaining half the world with the other half's troubles" Link to post Share on other sites More sharing options...
Toapayohkid 1st Gear January 29, 2009 Share January 29, 2009 UBS still pays out bonuses http://business.asiaone.com/Business/News/...126-117349.html say what we want, but they take care of their staff :) screw the creditors! staff first! Link to post Share on other sites More sharing options...
DarkLord 1st Gear January 29, 2009 Share January 29, 2009 They need the staff to bring in revenue mahz.. ↡ Advertisement Link to post Share on other sites More sharing options...
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