Updated: 27th February 2009, 1422 hrs
Flextronics retrenching staff in Singapore
By Yasmine Yahya
Contract electronics manufacturer, Flextronics, is retrenching its staff in Singapore.
The firm says less than half of its employees will be laid off, but declined to give exact figures.
Employees told 938LIVE that up to 75 percent of the workers at Flextronics' Woodlands Terrace branch had been laid off.
When contacted, the Singapore-headquartered firm said 280 people will be laid off at that branch, 1 of its 4 facilities in Singapore.
More retrenchments are expected in the other units, but the firm declined to cite any numbers.
Among those who were laid off was Indian national Rajesh Kota, who worked as a technician.
He said the staff were only told about the retrenchment exercise this morning, when they came in to work.
"Before no say. Today morning come, some meeting held, say "You go back India, the company very lost, so you go back." (So you're going to be flying back home? When?) Monday."
Flextronics said they will offer retrenched workers a severance package that is in compliance with local laws.
It’s also working with NTUC to provide assistance to the affected staff.
Mr Kota and two other retrenched employees told 938LIVE that they were given a month's salary for each year that they had worked at the firm.
Earlier this year, Nasdaq-listed Flextronics was reported to have laid off some 150 people in the US state of Kentucky.
It has some 200 thousand employees in over 30 countries.
Net income for Flextronics’ third quarter ended in December last year dropped by almost half to 127 million US dollars.
That’s down from the 250 million US dollars earned over the same period a year ago.
Flextronics retrenching staff in Singapore
By Yasmine Yahya
Contract electronics manufacturer, Flextronics, is retrenching its staff in Singapore.
The firm says less than half of its employees will be laid off, but declined to give exact figures.
Employees told 938LIVE that up to 75 percent of the workers at Flextronics' Woodlands Terrace branch had been laid off.
When contacted, the Singapore-headquartered firm said 280 people will be laid off at that branch, 1 of its 4 facilities in Singapore.
More retrenchments are expected in the other units, but the firm declined to cite any numbers.
Among those who were laid off was Indian national Rajesh Kota, who worked as a technician.
He said the staff were only told about the retrenchment exercise this morning, when they came in to work.
"Before no say. Today morning come, some meeting held, say "You go back India, the company very lost, so you go back." (So you're going to be flying back home? When?) Monday."
Flextronics said they will offer retrenched workers a severance package that is in compliance with local laws.
It’s also working with NTUC to provide assistance to the affected staff.
Mr Kota and two other retrenched employees told 938LIVE that they were given a month's salary for each year that they had worked at the firm.
Earlier this year, Nasdaq-listed Flextronics was reported to have laid off some 150 people in the US state of Kentucky.
It has some 200 thousand employees in over 30 countries.
Net income for Flextronics’ third quarter ended in December last year dropped by almost half to 127 million US dollars.
That’s down from the 250 million US dollars earned over the same period a year ago.
