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Showing results for tags 'Retrenchment'.
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I'm sure some bro's company is going thru the abv mentioned exersice. After working 12+yrs in my current company, finally I may be on the chopping board soon. Just wondering, if being retrenched, is it compulsory for a company to give out payout, golden handshake, 1mth/1year and so on? Can a...
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https://content.mycareersfuture.gov.sg/singapore-employment-salary-2023-outlook-industries/ Our job market may look healthy, but there are headwinds on the horizon for Singaporean employees and jobseekers. Without sugar-coating it, there are three significant headwinds affecting Singapore’... -
Dear Employees: Due to the current financial situation caused by the slowdown in the economy, Management has decided to implement a scheme to put workers of 40 years and above on early retirement. This scheme will be known as RAPE (Retire Aged People Early). Persons selected to be RAPED ca...
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Has retrenchment already taken place or is your company freezing headcount at the moment?
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https://fortune.com/2023/01/20/alphabet-layoffs-google-sundar-pichai-takes-full-responsibility-in-email-to-staff/ Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and h...
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https://www.straitstimes.com/business/companies-markets/shopee-cuts-singapore-jobs-in-regional-layoffs-says-affected-staff-will-get-appropriate-compensation-packages SINGAPORE - Employees affected by e-commerce platform Shopee's latest round of job cuts will be given "appropriate compensation p...
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https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ Jan 17 (Reuters) - Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The...
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McDonald's CEO Chris Kempczinski recently sent a letter to employees around the world saying the company will roll out cost-cutting programs, launch a massive restructuring, eliminate some jobs and lay off staff.
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This 53 yo guy graduated from NUS Engineering course. Early every morning, he goes to the rubbish dump to scavenge for stuff. In 1993, he had a high flying job with a big company but he was retrenched in 2007. This gave him a big psychological shock. Although his company gave him a recommendat...
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Shell to cut jobs and capacity at major Singapore refinery https://www.reuters.com/article/uk-shell-singapore/shell-to-cut-jobs-capacity-at-singapore-oil-refinery-its-largest-globally-idUKKBN27Q16H
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Saw this on and thought maybe good to share in troubled times although openings are limitrd. Not sure if this is only for West Coast residents but I think not? There's also openings for Shengsiong for those who say they want to join SS in the other thread. Here's your chance lor. Good luck to all th...
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I have heard friends around me getting pay cuts or retrenched. Anyone of you had similar experience. What if company retrench us during this period?
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I know some people who got retrenched (and get some retrenchment benefits). Then they start to look for job, but as time drags on still have not find job due to high expectation, 6 months or more liao still no job. Just want to know, if u r earning $XXXk a year, after losing job, will you rathe...
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Anyone got insider news?
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now DFS retrench 60 employees looks like the Brotherhood grows again...,
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What will be Singapore's most in-demand jobs for 2019. Good time to take stock on where the sunset industry is and which job to switch to. Just that there is no plotted map for someone to refer to in order to get there other then the security pathway. https://www.straitstimes.com/busin...
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With reference to: http://www.straitstimes.com/singapore/sph-starts-retrenching-staff I wonder if MCF will be impacted since the main cash cow is SGCARMART and not us. Will MCF be shut down or be sold-off?
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The world economy is not doing well and there are reports everyday that expect the situation to worsen due to the European crisis. A quick check on the internet shows that a few companies have started/are starting their retrenchment exercise, e.g. HP and NOL. Have you heard of any other compa...
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Long article below. The press conference after the address was interesting. Reporters asked whether Barra was aware of the design lapse since she was once Head of Safety (oops) and she dodged the question. WARREN, Mich.— General Motors Co. 's chief executive vowed to upend the corporate culture...
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Barclays staff are braced for thousands of job losses as part of a far-reaching strategic review designed to cut costs and revitalise its struggling investment bank. Britain’s third biggest bank is expected to announce the job losses, which could amount to as many 15,000, alongside a radical r...
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LONDON— Barclays PLC on Tuesday said it will cut up to 12,000 jobs this year as it reshapes its operations and grapples with a major slowdown in its investment bank. The bank, which has been selling loan portfolios and pulling out of European retail banking, posted a widened net loss of £64...
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Seeing such a large scale retrencmenh, very sad. Somemore Chinese new year coming, should be receiving ang pow or AWS instead of this. http://www.straitstimes.com/breaking-news/singapore/story/500-workers-retrenched-hard-drive-firm-hgst-union-help-20131227
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[extract] The Eurozone debt crisis seemed to have taken its toll on the sales of PSA Peugeot-Citroen. The Group
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Kinda sad for those affected ones. Xmas round the corner and CNY is not even near to hear this kind of news from the nation papers. Dec 10, 2010 S'PORE MOTOR INDUSTRY Letting go of staff By Christopher Tan, Senior Correspondent For Toyota agent Borneo Motors, the largest distributor he...
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Saab Automobile plans to reduce its workforce by 200 employees or about one-eighth of its current staff, according to report from Reuters citing a union official. Hakan Skott, a union representative at Saab, told the news site that the move was expected after the company's new owner, Dutch supe...
