It finally happened..............

[lifeafter41]

The dreaded "R" word finally caught up within the company..........8 of my colleagues (now ex) was being retrenched......

The mood was sombre and those not affected was very quiet, and I guess afraid, if they will be next, being asked to go into HR.

And no, it's not a April fools joke......they were asked to leave and by noon time, all 8 of them were gone, their cubicles messed up and their personal belongings cleared.

No mood for lunch that day.......wondering, if I will be next........

 

[Narong Wongwan]

If there's no retrenchments then I worry

 

[zhihau]

No mood for lunch that day.......wondering, if I will be next........

What was for dinner?

 

[prancku]

What was for dinner?

....mee siam mai hum....mai hum...mai hum.....mai hum....

 

[winnipegjets]

The eight of them should join the revolution to toss out the PAP.

 

[halsey02]

If there is no Retrenchment....Singaporeans will not be jolted out of their cocoons & live in a "promised" world of the PAP. I have been retrenched twice & stop being retrenched & decided that I be my own contractor....I don't work hard for myself I "retrench" myself.

Good...I hops more retrenchments will come this year...it is time the 70% faces the hard truth & have to repent for their stupidity...

 

[JohnTan]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

 

[halsey02]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

Those at the malls don't come from Singapore...you want to sample what is going on...before Library opening time, any day....join the crowds waiting outside & observe...how many people are fighting for the free newspapers to read......you will get an idea....sucks!?

 

[jw5]

What was for dinner?

Not air flown sashimi. :(

 

[iluvgst]

The dreaded "R" word finally caught up within the company..........8 of my colleagues (now ex) was being retrenched......

The mood was sombre and those not affected was very quiet, and I guess afraid, if they will be next, being asked to go into HR.

And no, it's not a April fools joke......they were asked to leave and by noon time, all 8 of them were gone, their cubicles messed up and their personal belongings cleared.

No mood for lunch that day.......wondering, if I will be next........

what industry is this?

 

[jw5]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

Noted that the kopi + roti outlets in shopping malls are still packed.

 

[452SAR]

The malls are busy, the restaurants are still packed. While life may suck for the small numbers being retrenched, the vast majority of sinkies will survive the financial downturn with their finances largely intact.

70% of the population does not believe in social safety net.
To them, retrenchment is a form of natural-selection.
no mercy.

 

[mojito]

Misery loves company. I am sure there are many who are delighted to hear this news. Most excellent report sir!

 

[Reddog]

If there's no retrenchments then I worry

"If there's no retrenchments then I worry". So declared a pap big shot and supported by 69.9%. Are you among that 69.9 ?

 

[OldFart]

A very close friend of mine had a near miss, two months ago department 6 got retrenched and entire company salary reduction 15%. Company wide many got to go. A very famous architect company in Singapore.

 

[lifeafter41]

what industry is this?

Manufacturing........

Out of the 8, 3 were managers, 2 engineer, 2 technicians and 1 in administrative.
Morale is low, got a feeling, most, if not all, already looking for jobs.....

Some of the younger engineers, has since found jobs and move on......

 

[lifeafter41]

What was for dinner?

Had chilli and pepper crabs at jumbo to celebrate a friend birthday.....

 

[lifeafter41]

A very close friend of mine had a near miss, two months ago department 6 got retrenched and entire company salary reduction 15%. Company wide many got to go. A very famous architect company in Singapore.

My guess is the company is still not done with the r word.
Normally when one company reduce salary, if there is still no light in the tunnel six months down the line, there will be another r exercise......you should ask your friend to quickly look for another job......he/she is not safe.....as yet.

 

[452SAR]

Normally when one company reduce salary, if there is still no light in the tunnel six months down the line, there will be another r exercise......

Yes, you are completely right. Some companies are worse, they will reduce pay, reduce workdays to make you quit and never announce the R word because if you worked 10 years, they got to reimburse you 10months. Some even force you to switch to a 2-year employment contract and then sack you two years later without need for any compensation. Another media firm in town simply declare the company insolvent and close down the company and get HR renegotiate all employment terms with existing stuff under another newly restructured business name.



So if a company swee swee issue the R word with proper compensation, give them some credit for not playing dirty.

 

[jw5]

Yes, you are completely right. Some companies are worse, they will reduce pay, reduce workdays to make you quit and never announce the R word because if you worked 10 years, they got to reimburse you 10months. Some even force you to switch to a 2-year employment contract and then sack you two years later without need for any compensation. Another media firm in town simply declare the company insolvent and close down the company and get HR renegotiate all employment terms with existing stuff under another newly restructured business name.

So if a company swee swee issue the R word with proper compensation, give them some credit for not playing dirty.

The 2 year employment contract scenario is not so bad. 2 years is plenty of time to look for a new job.