Seagate Axes 2000! Job Credit Scam A Fcuking FAILURE!

[makapaaa]

 

[cooleo]

Seagate Confirms To Close Singapore Plant, Axe 2,000 Workers


SINGAPORE -(Dow Jones)- U.S. hard disk maker Seagate Technology Ltd. (STX) Tuesday said it will close down its Singapore hard disk drive manufacturing plant by the end of next year and lay off 2,000 workers as a result.

Seagate said in a statement that it will relocate its hard disk manufacturing operations in Singapore to other existing sites. It did not disclose how many workers are employed at the plant that will be closed.

"This consolidation is necessary in order for Seagate to further increase efficiency and reduce costs by leveraging investments across fewer manufacturing sites," the company said.

The workers being laid off will be offered severance benefits in line with company policy, according to the statement. The company said it is also "giving every consideration" to relocating some employees to other Singapore operations.

Seagate also said it will maintain its Asia international headquarters in Singapore, as well as its media operation and product development and design center in the country.

The statement from Seagate confirms an earlier report of the plant closure on the Web site of Singapore's Straits Times newspaper.

 

[singveld]

pap you increase gst to lower corp tax

pap you open the flood gate to let in cheap labours

still one of your big multinational is saying bye bye

pap you are a failure.

 

[dysentry]

Just like in the states, lost jobs will never come back; if the casinos fail, this island will end up like Detroit with masses moving out, or lanlan merge back with Malaysia...

 

[Cestbon]

Just like in the states, lost jobs will never come back; if the casinos fail, this island will end up like Detroit with masses moving out, or lanlan merge back with Malaysia...

If both casino fail. Then bye bye. Is the last card GOV have in hand.
F1 fail
PSA fail
Temasek fail
GLC fail
SIA fail
GST fail
None of above is working as intended. Last hope now is on Casino but will kill the Cruise center and Tanah Merah Ferry terminal.

 

[myfoot123]

Siew Kum Hong is right, PAP does not admit that JOB CREDIT SCHEME is a failure. In fact, JCS is seen only beneificial to the largest employer which is PAP themselves and all the Stat board. Private sectors don't give two hoots about what is JCS. lLim Swee Say, you damned Lao lan!!!

 

[Perspective]

If both casino fail. Then bye bye. Is the last card GOV have in hand.
F1 fail
PSA fail
Temasek fail
GLC fail
SIA fail
GST fail
None of above is working as intended. Last hope now is on Casino but will kill the Cruise center and Tanah Merah Ferry terminal.

The casino is already failing. It has already been delayed by a year and I think this was merely to placate. Can feel that the casino's delay would be extended.

 

[congo9]

Why do they want to announce this job retrenchment before the National day ? I wonder how many singaporean will be affected ? I don care abt work permit workers or PR, but i am more concern abt local born true blue singaporean.

 

[Whats4]

i got a friend working in there. dun know whether he will be able to get a job in another seagate factory. :(

 

[Ramseth]

Why do they want to announce this job retrenchment before the National day ?

For Seagate, national day is July 4, not August 9.

Anyway, this piece of news has been scheduled tactically with the Seagate announcement of laying off 2,000 workers immediately followed by the Sentosa IR announcement of hiring 8,000 (which is not news at all, just repeated to cushion the Seagate news).

 

[2lanu]

If both casino fail. Then bye bye. Is the last card GOV have in hand.
F1 fail
PSA fail
Temasek fail
GLC fail
SIA fail
GST fail
None of above is working as intended. Last hope now is on Casino but will kill the Cruise center and Tanah Merah Ferry terminal.

Fail or not they had "earned" their millions$.
When the project is approved, white scum minister got appraisal of good.(million$ paycheck) Development once completed, appraise with well done(pay another bonus). Fail to run as intend, come in to tackle problem(pay another million$ and tell you wait for external factor). Then external factor turn out well, raise the pay to 88% of whatever crap benchmark! :oIo:

 

[Lee Hsien Tau]

If Sinkapoore dun become fishing village, I worry.​

 

[angry_one]

Didn't these MNCs get massive tax cuts to set up their branches here? In the end they give nothing in return and still run road.

 

[myfoot123]

So when is SPH going to close down because they did not meet international standard and Singaporeans are not subscribing to their news. We are talking about globalisation and internet news are booming, so why SPH still exist?

 

[cooleo]

To sum it up....

WE ARE FUCKED!