Stock market crashing, oil price dropping, Non oil exports dropping... All this points to record blood flowing in the streets. Expect lots and lots of retrenchment coming up as CEOs rush to restructure to placate angry shareholders hounding at their doorsteps!
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Record year end retrenchment coming up
- Thread starter enterprise2
- Start date
quick! hoard as much cardboard as possible before more competitors cum on the market.
Retrenchment usually also means there will also be new hires.
Unfortunately, if you're not a cheap FT, you can forget about getting hired.
Also, many companies in Sinkieland are extremely stingy with their retrenchment packages. For example, if you have worked for a company for five or six years, you only can expect to get two months' salary worth of retrenchment package. That's what you get for the likes of Lim Swee Say 'fighting for workers' rights'.
Unfortunately, if you're not a cheap FT, you can forget about getting hired.
Also, many companies in Sinkieland are extremely stingy with their retrenchment packages. For example, if you have worked for a company for five or six years, you only can expect to get two months' salary worth of retrenchment package. That's what you get for the likes of Lim Swee Say 'fighting for workers' rights'.
That's like saying that Hitler fought for world peace.
That's what you get for the likes of Lim Swee Say 'fighting for workers' rights'.
If this comes true, then it is not a good time for opposition parties to get into parliament, fingers will be pointed at them for "causing" the economic slowdown.
Cheers!
Cheers!
Already started some 4-6 months ago. Economy not doing well. Entertainment scene getting quieter. RWS too.
Yes started few months ago but it will cut deeper into the economy when people realise it's not a short term problem. I mean people expected oil price to recover by now but it tanked again due to very weak demand!
Lower oil prices will kick start the economy and it will running hot in no time at all.
If only it's that simple !!
Life is simple. We complicate matters when it is entirely unnecessary.
Now everything becomes cheaper people also complain?
Malaysian exports cheaper because ringgit is low.
Petrol prices dropped, leading to cheaper food prices.
HDB prices felled that is why income ceiling rises for buyers.
Even stock prices fell because of market crash.
One thing is not falling is Minister salaries??
Malaysian exports cheaper because ringgit is low.
Petrol prices dropped, leading to cheaper food prices.
HDB prices felled that is why income ceiling rises for buyers.
Even stock prices fell because of market crash.
One thing is not falling is Minister salaries??
It is very complex. If u want simplicity or u can't handle the complexity, go live in Africa or some godforsaken place!
Understand from my friends that are in the manufacturing industries, forecast updated is in steep fall. More than 60% down for sep to oct and possibility to year end.
The freelance PRC all doing very well leh. So many still coming in.
my friend, a senior engineer in the american mnc is already on shorter work week.
I could see that!! my estate there's a guy running an event company business,
he has got three vehicles parked in HDB, one a Spotlessly clean Mercedes
parked permanently at one parking lot!
Another Honda Stream for his outing, and a Van for his business, carrying hiFi
equipment etc..Recently his Honda and Mercedes all GONE!! business
must be very BAD!! Now only has his Van for business, no more luxury
of having a Mercedes and Honda!! still see him around jogging around the estate!!
So economy must be very BAD!!! Event company were badly HIT!!
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