It finally happened..............

[jw5]

Manufacturing........

Out of the 8, 3 were managers, 2 engineer, 2 technicians and 1 in administrative.
Morale is low, got a feeling, most, if not all, already looking for jobs.....

Some of the younger engineers, has since found jobs and move on......

It was an honest mistake...............let's move on. :(

 

[Jlokta]

Manufacturing........

Out of the 8, 3 were managers, 2 engineer, 2 technicians and 1 in administrative.
Morale is low, got a feeling, most, if not all, already looking for jobs.....

Some of the younger engineers, has since found jobs and move on......

Your place at Serangoon?

 

[babuSingh]

Those older folks who are living in their own world and comfort ever since they join the company after graduation are the saddest. They are not up to date with the industry trends, dont know what is happening in the department yet want to show the everyone they are the old birds. When retrenchment hits, these guys will eat the shit left over by themselves all these years and there will be no one to help them

 

[Manager]

deadwood should be discard long ago,
get your walking boot ready, you are next!

The dreaded "R" word finally caught up within the company..........8 of my colleagues (now ex) was being retrenched......

The mood was sombre and those not affected was very quiet, and I guess afraid, if they will be next, being asked to go into HR.

And no, it's not a April fools joke......they were asked to leave and by noon time, all 8 of them were gone, their cubicles messed up and their personal belongings cleared.

No mood for lunch that day.......wondering, if I will be next........

 

[lifeafter41]

deadwood should be discard long ago,
get your walking boot ready, you are next!

Yes, mr manager........

 

[winnipegjets]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

I hope you are right ...because people like you will be the first to be lynched when sinkees see no hope. At some point, the truth about the PAP will come out and without a proper mechanism for peaceful removal of the government, chaos will ensue.

 

[rotiprata]

Yes, you are completely right. Some companies are worse, they will reduce pay, reduce workdays to make you quit and never announce the R word because if you worked 10 years, they got to reimburse you 10months. Some even force you to switch to a 2-year employment contract and then sack you two years later without need for any compensation. Another media firm in town simply declare the company insolvent and close down the company and get HR renegotiate all employment terms with existing stuff under another newly restructured business name.

So if a company swee swee issue the R word with proper compensation, give them some credit for not playing dirty.

fren; 1yr-1mth.... me no think so, unless it's black n white in the letter of employment/collective agreement
there is no law from the MOM that companies which R need to compensate their staff 1y-1m....
any compensation less a/m is purely out of the employer good faith

 

[lifeafter41]

fren; 1yr-1mth.... me no think so, unless it's black n white in the letter of employment/collective agreement
there is no law from the MOM that companies which R need to compensate their staff 1y-1m....
any compensation less a/m is purely out of the employer good faith

While did not have a chance to ask the ex colleagues, I believe it's 2 weeks for every 1 year of services......

 

[syed putra]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

I think its the denial syndrome. People acting as if nothing is wrong even though they have been laid off.

 

[452SAR]

fren; 1yr-1mth.... me no think so, unless it's black n white in the letter of employment/collective agreement
there is no law from the MOM that companies which R need to compensate their staff 1y-1m....
any compensation less a/m is purely out of the employer good faith

yes, that's why i feel that at least a company is not so bad if they retrench with proper compensation.

 

[Jakub]

It was an honest mistake...............let's move on. :(

Where to? Italy? That's where i am now.

 

[JohnTan]

I hope you are right ...because people like you will be the first to be lynched when sinkees see no hope. At some point, the truth about the PAP will come out and without a proper mechanism for peaceful removal of the government, chaos will ensue.

If most sinkies have jobs, money, nice HDB flats to stay in, opposition will never have a chance.

 

[Boliao]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

Shops are closing down and retail has drop by more then 30% YoY. Yet, landlords are still asking for sky high rentals. With more retrenchment on the way, the shops will be closing down soon.

 

[JohnTan]

Shops are closing down and retail has drop by more then 30% YoY. Yet, landlords are still asking for sky high rentals. With more retrenchment on the way, the shops will be closing down soon.

Really? The suburban malls that most sinkies visit are crowded.

 

[jw5]

Really? The suburban malls that most sinkies visit are crowded.

And the most crowded shops are the kopi + roti places.

 

[lifeafter41]

Those older folks who are living in their own world and comfort ever since they join the company after graduation are the saddest. They are not up to date with the industry trends, dont know what is happening in the department yet want to show the everyone they are the old birds. When retrenchment hits, these guys will eat the shit left over by themselves all these years and there will be no one to help them

Only one staff is long serving, i.e., more than 10 years, most are between 5 to 6 years, the lest service is less than 2 years......

 

[452SAR]

Shops are closing down and retail has drop by more then 30% YoY. Yet, landlords are still asking for sky high rentals. With more retrenchment on the way, the shops will be closing down soon.

I agree it is a little tougher now. Nex is partially owned by Ntuc/labour foundation and nobody will say that they have no crowd

But they also got to raise $$$ this coming week.

 

[JohnTan]

And the most crowded shops are the kopi + roti places.

I am a big believer of kopi places. Proud shareholder of Breadtalk and Starbucks! People on the whole are getting more affluent. They will have more time and money for coffee.

 

[jw5]

I am a big believer of kopi places. Proud shareholder of Breadtalk and Starbucks! People on the whole are getting more affluent. They will have more time and money for coffee.

Starbucks is not considered a kopi + roti place you dumbass. It is considered a coffee + cake place.

 

[Boliao]

Really? The suburban malls that most sinkies visit are crowded.

http://www.channelnewsasia.com/news..._editorspick_070814&google_editors_picks=true
Fewer local firms paying bills on time in Q1: SCCB
The proportion of firms making payments on time tumbled nearly 12 percentage points from the previous quarter to 41.11 per cent, the second-lowest reading in a year, says the Singapore Commercial Credit Bureau.

Brace for the bad times.