Serious Why Gahmen tell Banks not to sack ...so can Shake Leg for 9 months..

[SalahParking]

Massive write down s and zero fee income...cost income ratio is close to 45%, to rise to 65%, NIM is gone, USD funding market frozen,trade bills cost soar..

have to cut cost by about 40% for the bank to be viable...

American companies survive because of hire fire, use communist top down measures will cause a financial crisis..

 

[mojito]

Yes. Keep the headcount also mean keep the ceca. Such a caring govt. Don't do unto others and all that.

 

[A Singaporean]

You wait and see. Sinkies will be let go first.

 

[syed putra]

You wait and see. Sinkies will be let go first.

Because its cheaper to sack a sinkie. If you sack foreigner, severance package must include relocation expenses

 

[SalahParking]

Most of the over 50s women will be sacked, then those singles in the 20s and 30s will be sacked next, Those really high pay will be redeployed into the basement, they will sack themselves, so no need to pay compensation

 

[nayr69sg]

Most of the over 50s women will be sacked, then those singles in the 20s and 30s will be sacked next, Those really high pay will be redeployed into the basement, they will sack themselves, so no need to pay compensation

No lah first to go are the young pregnant women. Correct?