ST Electronics

Originally Posted by Unregistered

Yes I agree that ST is no longer iron rice bowl. They didn’t officially “retrench”. But they used terms like mutually separation package or ex gratia payment for the “retrenchment” package.

What happens to go did not take up package? Put under PIP or 2 months
Notice period then ask u go?

Originally Posted by Unregistered

Yes I agree that ST is no longer iron rice bowl. They didn’t officially “retrench”. But they used terms like mutually separation package or ex gratia payment for the “retrenchment” package.

What is this ex Gratia package?

Originally Posted by Unregistered

What happens to go did not take up package? Put under PIP or 2 months
Notice period then ask u go?

Tbh, if you dont take up the package, you dont have any prospect staying there either. And its worse if you are place under PIP.

If someone is ask to leave, no matter what they will have to go sooner or later. Its inevitable

Originally Posted by Unregistered

from recruitment company, i see
is the chance of converting to perm high?

Chances are slim for now due to COVID19, even colleagues around me didn’t get converted to perm as of now after 1 year, wait till 2 yrs contract up then see got renewal or bye bye.

Before COVID19 hit, based on last time practice, after 1 year, manager will help to push and successful convert to perm. Initially signed 2 yrs contract direct ST, after 1 yr convert to perm.

Originally Posted by Unregistered

Still hiring? LOL. Yes there is no AWS already since it’s been included into the the basic salary since the new hiring rules kick in from January 2019. No more SSOS share scheme and no more NDP special payout too.

Btw first round of retrenchment finish and those who accept the package to leave end of September.

Hi! Can update what package was offered? I am interested to join ST as well.

Originally Posted by Unregistered

What is this ex Gratia package?

It’s means they are technically not retrenching you. But give you these sort of “retrench” package out of good will. And it’s not subjected to any cpf deduction. If you do a search online. Not subjected to cpf deduction. It means retrenchment!

Originally Posted by Unregistered

Chances are slim for now due to COVID19, even colleagues around me didn’t get converted to perm as of now after 1 year, wait till 2 yrs contract up then see got renewal or bye bye.

Before COVID19 hit, based on last time practice, after 1 year, manager will help to push and successful convert to perm. Initially signed 2 yrs contract direct ST, after 1 yr convert to perm.

Conversion from recruitment company contract as I knew previously were hard to come by. Turnover rate was way higher than conversion rate.

For every one person converted after 3 years, more than 15 people would have left.

first round of retrenchment exercise ended? is there second round?

Originally Posted by Unregistered

first round of retrenchment exercise ended? is there second round?

As someone else mention previously. If quota of resource cut off doesn’t not match their quota for the 1st round. And if not much revenue for new contract comes in. There would be 2nd round. And this time round package offered won’t be as good as the first round.

Originally Posted by Unregistered

Younglings already leaving. Don't need retrenchment.
Willing to quit no prospect

why can't a local company have competent management that creates a strong base of talent, which is the requisite for countries and companies to advance