Massive Retrenchment Expected in NOL as CMA CGM will move office to Hong Kong

[gingerlyn]

Dear brothers and sisters,

this is a massive blow to singapore shipping industry according to NOL staffs.

CMA CGM will move its transhipment hub to Malaysia, Port Kelang.

CMA CGM will also consolidate its regional office in Hong Kong.
NOL office will be relocated to Hong Kong and majority of its staffs will be terminated.
Only a handful of existing APL expats will go to CMA CGM regional office in Hong Kong.

http://www.cmacgmhk.hk/eng/index.asp

more to come

 

[syed putra]

This is good news as there will be severance payment. a one off that may assist workers to start a business or migrate.
Besides, Port Klang is only 5 hours leisurely drive away. I think most exec will be relocated there.

 

[mojito]

Don't worry. Our generals will be well taken care of.

 

[Leongsam]

If there is no retrenchment I worry.

 

[streetsmart73]

Hi there


1. Nothing to fret about.
2. Those paper toy generals will be absorbed by either gic or tombmasick :kma:
3. Lifelong employability guaranteed.

 

[Onitsuka]

When you have a Chief of Air Force who cannot fly a plane, you know it really doesn't matter if generals perform well or not.

 

[Charlie99]

When you have a Chief of Air Force who cannot fly a plane, you know it really doesn't matter if generals perform well or not.

That is the most illogical promotion,
a Chief of Air Force who is not a fighter pilot by vocation.

 

[Reddog]

Dear brothers and sisters,

this is a massive blow to singapore shipping industry according to NOL staffs.

CMA CGM will move its transhipment hub to Malaysia, Port Kelang.

CMA CGM will also consolidate its regional office in Hong Kong.
NOL office will be relocated to Hong Kong and majority of its staffs will be terminated.
Only a handful of existing APL expats will go to CMA CGM regional office in Hong Kong.

http://www.cmacgmhk.hk/eng/index.asp

more to come

What the PAP is doing to NOL cannot be wrong since 69.9% of Singaporeans supports them. The rest of you should either emigrate or STFU.

 

[knowwhatyouwantinlife]

Is this your speculation since the deal will only be known 7 Dec or earlier?

 

[Onitsuka]

The NOL Terminator

Coming soon ! - The PSA Terminator

 

[Onitsuka]

Nickname - Speed

 

[Onitsuka]

That is the most illogical promotion,
a Chief of Air Force who is not a fighter pilot by vocation.

Air Force Anthem

[video=youtube;GIQn8pab8Vc]https://www.youtube.com/watch?v=GIQn8pab8Vc[/video]

 

[syed putra]

Is this your speculation since the deal will only be known 7 Dec or earlier?

It makes no sense for CMA CGM to buy NOL. sinc it is money losing, they will probably bid s$1, a token sum. otherwise they will walk out and PAP will have to continue subsidising the company for hundreds of million annually with no end in sight to the problem.

 

[knowwhatyouwantinlife]

It makes a lot of sense for both sides...esp after the recent terrorist attacks

 

[johnny333]

Merry Xmas to one and all. They couldn't even wait until after the holidays to announce the bad news.
There must be more bad news that the PAP have been sitting on. Now that the GE is out of the way, they can start with all the "hard truths".

Hope the 70% who voted for the PAP are happy. Especially those who are being retrenched

 

[Papsmearer]

It makes no sense for CMA CGM to buy NOL. sinc it is money losing, they will probably bid s$1, a token sum. otherwise they will walk out and PAP will have to continue subsidising the company for hundreds of million annually with no end in sight to the problem.

Its only money losing because its run by ex SAF generals and jiak liao bee fuck useless PSC scholars. Likely if a veteran shipping executive was put in to run it, it will make tons of money.

 

[Leckmichamarsch]

Don't worry. Our generals will be well taken care of.

fucking elites my lose jobs but got fattened with R payoffs & another jobs in Temasick............ how to lose as papigs???

 

[Papsmearer]

fucking elites my lose jobs but got fattened with R payoffs & another jobs in Temasick............ how to lose as papigs???

Can you say Golden Parachute?

 

[frenchbriefs]

dont worry guys,singapore stop relying on entreport trade donkey years ago,our main economy now is pinoy maids,ah neh construction workers and shitskin bankers.

 

[kukubird59]

Its only money losing because its run by ex SAF generals and jiak liao bee fuck useless PSC scholars. Likely if a veteran shipping executive was put in to run it, it will make tons of money.

hahaha....it is obvious that you have nothing between your 2 ears and just want to continue to make a fool of yourself......
with idiots stroking your ego...u have your air head in the air...
u are obviously clueless and out of depth with regards to the shipping industry....
for many years, the container shipping market has suffered from over-capacity and high costs...
as a result most (2/3) of the major container lines are losing money.....
now everything is about economy of scale and container vessels are getting bigger and bigger and competition is relentless and you really need very deep pockets in this business..
of course explaining this to someone who never sailed onboard a ship before is akin to singing to a dumb cow......lol.