Repositioning for new dawn age ....
Also they outsource more staff , get the ex staff back from outsourcing firm, pay them lesser by hourly rated, no leave, no bonus, no aws. New tender for outsourcing yield zero tender from external firm
a vicious cycle - alot GLCs has practiced outsourcing in recent years...besides those that you read in the news.
and these contractors bid lower and lower each round just to get the contract. Then based on the cost (minus their profit margin), they hire / pay the workers at depressed wages.
like that, how not to lament Singaporeans are choosy and shun low paying jobs? Which,in turn gives justification for foreign labors.