Jump to content

COVID-19: Retrenchments

Albeniz

By Albeniz,
in Lite & EZ

 Share

Recommended Posts

mersaylee

mersaylee

Hypersonic
  On 7/23/2020 at 4:46 AM, Voodooman said:

Yes from my experience. Cut cost and renew at the same time. 

It is mostly those earning 5 digits a month (middle management and some senior management) that are asked to leave.  Those doing the shitty work for a song will usually survive. Not applicable for blue collar work.

Expand  

Cut high earners the easiest way out...with fewer number of people to be affected. 

My company however decided a different approach with a longer term view...well at least for now with a five year horizon. 
 

Peeps command higher salary here have proven to be reliable, not forgetting the vast experiences gathered over times.
 

We’re using this new low across all industries to position our entire group of business units as a stronger market leader in the industry when the turnaround happen...going to tap on all available technologies (mgmt is hoping to attain at a bargain) to prep for a 5G world. 
 

my recent acquired HW phone is 5G ready for some high speed, high res prawning 😝

↡ Advertisement
  • Praise 1
Link to post
Share on other sites
Karoon

Karoon

Turbocharged

A neighbour is a pilot. Drives a Merc. Today saw that he has the private hire decal on his car. Times are tough for everyone.  Need to do what needs to be done.

  • Praise 2
  • Shocked 1
  • Sad 1
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:10 AM, Karoon said:

A neighbour is a pilot. Drives a Merc. Today saw that he has the private hire decal on his car. Times are tough for everyone.  Need to do what needs to be done.

Expand  

But PHV business also not very good. 

Link to post
Share on other sites
Lethalstrike

Lethalstrike

Turbocharged
  On 7/23/2020 at 8:10 AM, Karoon said:

A neighbour is a pilot. Drives a Merc. Today saw that he has the private hire decal on his car. Times are tough for everyone.  Need to do what needs to be done.

Expand  

For pilots, it's really an unprecedented crisis.

From ferrying passengers in the sky to ferrying passengers on the ground... 

  • Haha! 1
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 4:46 AM, Voodooman said:

Yes from my experience. Cut cost and renew at the same time. 

It is mostly those earning 5 digits a month (middle management and some senior management) that are asked to leave.  Those doing the shitty work for a song will usually survive. Not applicable for blue collar work.

Expand  

But thought usually those earning 5 digits a month are senior/high mangement who is making important decision in the company? If there are asked to leave, then who will make that important decision le? Lol.

Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:18 AM, Voodooman said:

Heard business is improving. Still down but back to 80% level? 

Expand  

Maybe business better but think still not very good, since many people still wfh? Or many people still take public transport to cut cost, since economy not very good?

  • Praise 1
Link to post
Share on other sites
Ginyu

Ginyu

5th Gear
(edited)
  On 7/23/2020 at 8:10 AM, Karoon said:

A neighbour is a pilot. Drives a Merc. Today saw that he has the private hire decal on his car. Times are tough for everyone.  Need to do what needs to be done.

Expand  

Why still keep the Merc, scared no face?🤣 If job lost, first thing is to get rid of the car

Edited by Ginyu
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:14 AM, Lethalstrike said:

For pilots, it's really an unprecedented crisis.

From ferrying passengers in the sky to ferrying passengers on the ground... 

Expand  

Same like those cabin crews lo, from serving passengers in the sky to serving patients in the hospital?!

  • Praise 1
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:20 AM, Ginyu said:

Why still keep the Merc, scared no face?🤣 If job lost, first thing is to get rid of the car

Expand  

Think some pilot still havent lost their job yet, but no salary only?

Link to post
Share on other sites
Voodooman

Voodooman

Supersonic
  On 7/23/2020 at 8:19 AM, 13177 said:

But thought usually those earning 5 digits a month are senior/high mangement who is making important decision in the company? If there are asked to leave, then who will make that important decision le? Lol.

Expand  

There is always a one down? Of course cannot fire all senior management team, just accelerating succession plan while cutting cost and getting rid of non performers.

If one down is not ready, fire the one down loh. Cannot grow revenue, must cut cost. So it is usually the middle or senior management that are killed.  Seen it so many times but it might not be representative everywhere. 

Link to post
Share on other sites
Voodooman

Voodooman

Supersonic
  On 7/23/2020 at 8:22 AM, 13177 said:

Think some pilot still havent lost their job yet, but no salary only?

Expand  

Got salary but there is also mandatory no pay leave, I heard, and if you don't fly, there is no allowance, a big part of overall compensation.

Link to post
Share on other sites
mersaylee

mersaylee

Hypersonic
  On 7/23/2020 at 8:28 AM, Voodooman said:

Why, more people going back to work instead of work from home. Or you are expecting 2nd wave?

Expand  

I meant garment aids...one driver told me no more such handout to claim starting August 

  • Praise 1
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:26 AM, Voodooman said:

There is always a one down? Of course cannot fire all senior management team, just accelerating succession plan while cutting cost and getting rid of non performers.

If one down is not ready, fire the one down loh. Cannot grow revenue, must cut cost. So it is usually the middle or senior management that are killed.  Seen it so many times but it might not be representative everywhere. 

Expand  

If the company have too many such management staff earning 5 digits a month, surely must get rid some of them, since i always find these people, their 1 month pay can hire many executive level or even 2-3 managers. Dont know why need to pay so much salary for that one person only? Lol.

  • Praise 1
  • Haha! 1
Link to post
Share on other sites
13177

13177

Hypersonic
  On 7/23/2020 at 8:28 AM, Voodooman said:

Why, more people going back to work instead of work from home. Or you are expecting 2nd wave?

Expand  

I see more people will go back to work from subsequent months onwards rather than more will wfh lo. 2nd wave? So far see seems like chances not high? Lol.

Link to post
Share on other sites
Voodooman

Voodooman

Supersonic
  On 7/23/2020 at 8:42 AM, 13177 said:

I see more people will go back to work from subsequent months onwards rather than more will wfh lo. 2nd wave? So far see seems like chances not high? Lol.

Expand  

Yes, PHV business should pick up as more people go back to work and to minimize risk, choose to take taxi or Grab instead of public transport. 

↡ Advertisement
  • Praise 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...