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19-09-2020, 07:02 PM
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Quote:
Originally Posted by Unregistered
This first round they are just inviting a pool of people and ask them to leave. You can choose to take the offer or not. If the number of people leaving does not hit the quote, they will go for second phase.
He will tell those people if they chose to leave now, they are eligible for severe cd package. If they insisted to remain, and the quote is not met, they met be invited again and this time with worse package.
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So these people have a choice whether to leave or not? Does it mean that company gives them a chance to start finding a new job?
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19-09-2020, 07:17 PM
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The affected staff are perm staff or contract staff?
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19-09-2020, 07:37 PM
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Quote:
Originally Posted by Unregistered
So these people have a choice whether to leave or not? Does it mean that company gives them a chance to start finding a new job?
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No. More like cause this is not an "official" retrenchment exercise but a "volunteery" exercise. If they can't hit the quota, the official one will come.
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19-09-2020, 07:44 PM
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Quote:
Originally Posted by Unregistered
The affected staff are perm staff or contract staff?
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No one is spared.
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19-09-2020, 09:08 PM
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Quote:
Originally Posted by Unregistered
Heard on new hires (hired during 2019 and currently without a project) got affected.
Those with projects are safe.
Most of the others I've heard that got affected had Band 3 grade for the previous appraisal.
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Band 3 is grade C?
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20-09-2020, 12:06 AM
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Quote:
Originally Posted by Unregistered
Band 3 is grade C?
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There's no longer grade A B C D. Its only Band 1, 2 and 3
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20-09-2020, 12:10 AM
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Quote:
Originally Posted by Unregistered
So these people have a choice whether to leave or not? Does it mean that company gives them a chance to start finding a new job?
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You can take it this way, as how each of us interpret the situation might be different.
There were only two options in the offer:
1. Accept their compensation package now and leave.
OR
2. To reject their offer and stay in company and hope that the ask to manpower reduction quota has been met and there won't be a round of retrenchment exercise.
(The compensation package will be worse if being called upon again on the 2nd time)
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20-09-2020, 11:33 AM
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Quote:
Originally Posted by Unregistered
You can take it this way, as how each of us interpret the situation might be different.
There were only two options in the offer:
1. Accept their compensation package now and leave.
OR
2. To reject their offer and stay in company and hope that the ask to manpower reduction quota has been met and there won't be a round of retrenchment exercise.
(The compensation package will be worse if being called upon again on the 2nd time)
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Were they offered 1month severance package to every 1year of service?
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20-09-2020, 11:42 AM
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Quote:
Originally Posted by Unregistered
Were they offered 1month severance package to every 1year of service?
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A month for a year + additional 2.5 months
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20-09-2020, 11:30 PM
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Quote:
Originally Posted by Unregistered
You can take it this way, as how each of us interpret the situation might be different.
There were only two options in the offer:
1. Accept their compensation package now and leave.
OR
2. To reject their offer and stay in company and hope that the ask to manpower reduction quota has been met and there won't be a round of retrenchment exercise.
(The compensation package will be worse if being called upon again on the 2nd time)
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if it is you, which will you choose? Take compensation package then go find another job or stay then find another job?
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