More good news. For the FTs who are retrenched now you know how Sinkies have felt all these years, so fuck off and..

[A Singaporean]

For the Sinkies who are retrenched what makes you think AMDK companies will look after you.

https://theindependent.sg/spate-of-...ead-to-low-morale-among-citi-singapore-staff/

 

[k1976]

Well, in this modern age, lifelong iron ricebowl has become an urban myth to most Sinki since 2008....the talents are fortunate to have Sinki as a punk slip buffer for last 15yrs

But now, the sinki buffer is gone...and time for the turth

 

[Dr Christopher Cheok C S]

Retrenchment in Chemicals and Manufacturing sector will increase in second half of this year, due to our massive carbon tax spikes in the next five years.

 

[Loofydralb]

Retrenchment in Chemicals and Manufacturing sector will in second half of this year, due to our massive carbon tax spikes in the next five years.

My friends say the costs of utilities was the one that killed them first.
Carbon tax is just the tombstone on the grave.

 

[Dr Christopher Cheok C S]

My friends say the costs of utilities was the one that killed them first.
Carbon tax is just the tombstone on the grave.

Yes, carbon tax is also part of their energy costs too.

Mass retrenchment at Jurong Island and Tuas's chemical plants a few months later.

 

[k1976]

Retrenchment in Chemicals and Manufacturing sector will in second half of this year, due to our massive carbon tax spikes in the next five years.

Semicon ish in a very very funny state as the much anticipated AI Boom Cycle in Q3'23-Q2'24 did not bring much uplift to SG as we are filled with "Matured" Fabs...

Moving forward Sg seem like being left out in AI Cycle unless we throw $$$$$$$$ to build new fab and pull more talents

 

[Loofydralb]

Yes, carbon tax is also part of their energy costs too.

Mass retrenchment at Jurong Island and Tuas's chemical plants a few months later.

Shell has sold off Bukom to an unsuspecting Indonesian buyer who doesn't realise they will soon be fucked big time by Carbon Tax.

They will go bankrupt in 3 years. Then Bukom can revert back to idyllic kampong and fisherman village.

 

[k1976]

Shell has sold off Bukom to an unsuspecting Indonesian buyer who doesn't realise they will soon be fucked big time by Carbon Tax.

They will go bankrupt in 3 years. Then Bukom can revert back to idyllic kampong and fisherman village.

Indon is G20 and with deep pocket
SHELL Bukom is a prized catch for them as they gain upstream capabilities and better control their value chains for next few decades

 

[Leongsam]

The best employer is the PAP even if you lose an election there's a high paying job to tide you over till you get another chance at the ballot box.

 

[Dr Christopher Cheok C S]

Shell has sold off Bukom to an unsuspecting Indonesian buyer who doesn't realise they will soon be fucked big time by Carbon Tax.

They will go bankrupt in 3 years. Then Bukom can revert back to idyllic kampong and fisherman village.

Shell is not the only one who retrenched on Jurong Island this year.
Tuas also got chemical plants.

 

[k1976]

Shell is not the only one who retrenched on Jurong Island this year.
Tuas also got chemical plants.

LAst time, Chemical industry has many huat big big millionaires

 

[bigozt]

Hahahahaha, the mighty Citibank is falling down falling down...

 

[k1976]

Hahahahaha, the mighty Citibank is falling down falling down...

Tine to havest some Wool from poor sheepies

 

[Leongsam]

Tine to havest some Wool from poor sheepies

I thought cotton came from sheep not wool.

 

[k1976]

I thought cotton came from sheep not wool.

Yeah....as long as tge VVIP say so

 

[mahjongking]

Hahahahaha, the mighty Citibank is falling down falling down...

every fuck thing that CECAs touch with turn to shit as most of them are 'chui kong lum-pah song' types.......

 

[k1976]

every fuck thing that CECAs touch with turn to shit.......

Tiagong, CECA also want to join exclusive SemiCon club

 

[Pinkieslut]

LeeTrenched them means less good jobs for Sinkies as these high ses FTs need workers for grab driving and cleaning their shit!

 

[Loofydralb]

Indon is G20 and with deep pocket
SHELL Bukom is a prized catch for them as they gain upstream capabilities and better control their value chains for next few decades

It's a private company subjected to sovereign laws of SG and ID.
One thing they cannot run away from is costs. That killed Shell.
Carbon tax will be another killer.
Thirdly, all products produced outside Indonesia will be subjected to tax.
Fourth, buying Bukom provided employment and profit to Singapore and it's citizens. If they had built in indonesia, they could have built their own grassroot industry.
3 years. They will pack up.

 

[k1976]

LeeTrenched them means less good jobs for Sinkies as these high ses FTs need workers for grab driving and cleaning their shit!

More good jobs created for Sinki mah, right Boss John?