Retrenchment In Singapore

Originally Posted by Unregistered

Youngster get married buy BTO at 30 no matter how fast at current price also need 20 yrs to pay off. By then already 50+ years old then try to apply EC w/o loan? This is not practical at all.

Forex got risk, but it is the easiest to make decent money without needing too much capital.

Forex trading high risk. I've been there, done that. Lost $$$$. Regret.

[Anakinsky]

Be cautious , few of my friends had been retreched this year .. some of them work more than 15 years in the company ..

Singapore economy doing very bad ... especially banking , shipping , port sector ....

Yes . It getting worst , my current company have the whole department operation move out of Singapore , the whole team of 25 staff got retrenched ...


I work for a foreign bank ...

Retrenchments are never a good sign.

Were the affected employees redeployed internally, or they have joined the ranks of the unemployed now?

Companies rarely take the drastic retrenchment approach as it stirs too much noise.

Any other stories about companies conducting restructuring?

Originally Posted by Unregistered

Yes . It getting worst , my current company have the whole department operation move out of Singapore , the whole team of 25 staff got retrenched ...


I work for a foreign bank ...

What type of operations?

Is it a big or small bank?

[Anakinsky]

Sad that local news stop covering retrenchment news ....

Originally Posted by Anakinsky

Be cautious , few of my friends had been retreched this year .. some of them work more than 15 years in the company ..

Singapore economy doing very bad ... especially banking , shipping , port sector ....

but our prime minister day GDP growing leh.


property market also picking up.

so who is saying the truth?

Originally Posted by Anakinsky

Sad that local news stop covering retrenchment news ....

They report higher growth for civil service to announce better bonus. Then will revert to report lower growth, etc after bonus declared. It happens all the years for many years. Can't think of a better strategy to justify better bonus declaration for civil servants.

Originally Posted by Anakinsky

Sad that local news stop covering retrenchment news ....

I think the unemployment situation is quite bad. At least for the mid lifers. I have been jobless for more than a year already. Every time i attended those career events organised for the unemployed, the turn up is huge. I am surprised so many singaporeans are unemployed. Especially the PMETS. Occasionally, i saw a few in their thirties. Mostly forties and above.

Originally Posted by Unregistered

I think the unemployment situation is quite bad. At least for the mid lifers. I have been jobless for more than a year already. Every time i attended those career events organised for the unemployed, the turn up is huge. I am surprised so many singaporeans are unemployed. Especially the PMETS. Occasionally, i saw a few in their thirties. Mostly forties and above.

but garment claiming that property market is very good and most of the buyers are locals.

wondering where is the missing link?