LATEST: Biggest Medical/Healthcare Group in S'pore Retrench Staff

[ahleebabasingaporethief]

Just announced on CNA.

Parkway Healthcare Group has announced retrenchments and salary cuts.

Did they seek that Yacoop permission? What reasons they give ah?

 

[chupacabra]

Wah sinkees so poor that they rather die than seek hospital care and be in debt all their lives.

How come healthcare group can retrench? They pay peanuts for FT nurses what.

 

[ahleebabasingaporethief]

Wah sinkees so poor that they rather die than seek hospital care and be in debt all their lives.

How come healthcare group can retrench? They pay peanuts for FT nurses what.

MALU lah!


Singapore hospital and healthcare operator Parkway Holdings said on Monday it will cut salaries and lay off up to 4 percent of its staff in a bid to rein in costs.


"The group is not immune to the current global economic challenges," the firm said in a statement.

Parkway, part-owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd, said its directors would not receive any fees for 2008 while senior managers' salaries would be cut by 15-35 percent.

For middle management, the reductions would be between 5 and 10 percent, it said. Parkway did not say how many people would be affected by the job cuts.

 

[popdod]

i think they going to hire FTs doctors too....to cut operational costs.

:o :p :o

 

[ahleebabasingaporethief]

Already have.

 

[oli9]

Just announced on CNA.

Parkway Healthcare Group has announced retrenchments and salary cuts.

Did they seek that Yacoop permission? What reasons they give ah?

Fuel prices went down what. Still need to retrench? Hang on. Did any parkway investment committee gambled away, I mean, lost monies in structured investments from the companies reserves?

 

[dysentry]

bid too high for Newton site, suffering now