unconfirmed: retrenchment at major GLC today?

[red amoeba]

heard from grapevines, might or might not see news 2morrow.

major GLC, long time in red. Not hard to guess who.

anyone can confirm?

 

[bushtucker]

GLC so many. which one?

 

[Scrooball (clone)]

One of the stalls in the market is going to close tomorrow. Don't ask me which market or which stall. Just know this.

 

[laksaboy]

If there are no retrenchments, then I worry for Singapore.

 

[GOD IS MY DOG]

NOL maybe ?


retrenchment for GLC is very good........................


their employees and their family members will have no reason to vote for PAP liao.......................

 

[red amoeba]

get degree or Phd for fuck, still can get retrenched. be bus driver most secure.

of cse be MP lagi better.

 

[Cestbon]

The list
1. SIA
2. ST company
3. SPH
4. Mediacorp
5. Flextronic
6. Singpost
7. DBS& Posbank(suppose they using on name)-will save big amount of money

 

[Ash007]

Singtel considered GLC?

The list
1. SIA
2. ST company
3. SPH
4. Mediacorp
5. Flextronic
6. Singpost
7. DBS& Posbank(suppose they using on name)-will save big amount of money

 

[Cestbon]

Singtel considered GLC?

Yes. But unlikely. Because many as sub con out. Eg. line connection, transmitter station............

 

[Narong Wongwan]

Singtel considered GLC?

Sinktel corporate color is red but they are not in the red.

 

[laksaboy]

get degree or Phd for fuck, still can get retrenched. be bus driver most secure.

You no Tiong? They don't want you.

 

[red amoeba]

confirmed from bird: retrenchment took place yesterday at the GLC. 2nd time in 6 yrs.

i blame the management.

 

[Cestbon]

confirmed from bird: retrenchment took place yesterday at the GLC. 2nd time in 6 yrs.

i blame the management.

Talk cock half way!
Which company?

 

[jw5]

There's only one GLC which has been in the red for some time.
They did announce possible retrenchments earlier.
The CFO is a former ministar of state, the CEO is a former army general.


The report below is from CNA dated 10 May 2012.


NOL expects to lay off hundreds of staff globally by mid-June
By Wong Siew Ying | Posted: 10 May 2012 1947 hrs


SINGAPORE: Singapore-listed Neptune Orient Lines (NOL) expects to lay off hundreds of staff globally by mid-June this year.

Responding to MediaCorp, NOL - the world's seventh-largest container shipping firm - says the affected staff will be notified next month.

NOL adds that details of the restructuring plan is being finalised but it has confirmed that "some positions will be expanded, reduced or re-deployed. Some jobs will be eliminated globally."

The container shipping and logistics firm is embarking on a organisational restructuring exercise to make NOL more efficient and more responsive to market changes.

It expects to reap an additional annual savings of about US$70 million from 2013 onwards from the exercise.

NOL posted a net loss of US$254 million for the first quarter 2012, compared to the net loss of US$10 million in the previous year.

It said the poorer performance was due to high fuel costs and low freight rates in container shipping.

- CNA/de/wm

 

[palden]

No longer iron rice bowl. Even Georgie got retrenched last year.

 

[LeMans2011]

There's only one GLC which has been in the red for some time.
They did announce possible retrenchments earlier.
The CFO is a former ministar of state, the CEO is a former army general.
The report below is from CNA dated 10 May 2012.
NOL expects to lay off hundreds of staff globally by mid-June
By Wong Siew Ying | Posted: 10 May 2012 1947 hrs
SINGAPORE: Singapore-listed Neptune Orient Lines (NOL) expects to lay off hundreds of staff globally by mid-June this year.
Responding to MediaCorp, NOL - the world's seventh-largest container shipping firm - says the affected staff will be notified next month.
NOL adds that details of the restructuring plan is being finalised but it has confirmed that "some positions will be expanded, reduced or re-deployed. Some jobs will be eliminated globally."
The container shipping and logistics firm is embarking on a organisational restructuring exercise to make NOL more efficient and more responsive to market changes.
It expects to reap an additional annual savings of about US$70 million from 2013 onwards from the exercise.
NOL posted a net loss of US$254 million for the first quarter 2012, compared to the net loss of US$10 million in the previous year.
It said the poorer performance was due to high fuel costs and low freight rates in container shipping.
- CNA/de/wm

Thanks for the posts which some people regards as top state secret

 

[THE_CHANSTER]

Anyone find this story in the Prostitute Press today? Please post the article here.