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"When an inefficient company sheds manpower, it is also freeing up human resource back into the labour market. Take for example the case of Five Stars Tours. The company owes some S$300k worth of unpaid wages to staff. Chances are their pay packages were not really competitive to begin with. Now all these workers, once bonded to Five Stars Travel, are now available for better companies. (A side thought: if they had confronted their financial situation and reorganised, their fate may have been different.)"
"When an inefficient company sheds manpower, it is also freeing up human resource back into the labour market. Take for example the case of Five Stars Tours. The company owes some S$300k worth of unpaid wages to staff. Chances are their pay packages were not really competitive to begin with. Now all these workers, once bonded to Five Stars Travel, are now available for better companies. (A side thought: if they had confronted their financial situation and reorganised, their fate may have been different.)"
