Retrenchment Started today

[Bad kids]

oh dear, hope u find new job with higher pay soon. i am not sure diploma is a problem but experience is more important. Ageism is real thou.

My take is higher pay is not realistic, and experience also not really realistic. But agreed on ageism is real

 

[Foetid]

No wonder last time my QA manager kena retrenched worked for 25 yrs...

He told me no point go find job no one will want you...

He took 1 year rest and work in security in changi Airport

What's his salary before n after would u know? 8k Vs 3k??

 

[Foetid]

Yes. I kenna twice before bonus announcement

Am glad u still managed to find a high paying replacement role? Your some MD in banking or portfolio manager I recall??

 

[Foetid]

Who give so many foreigners come in sg get job
Even my nephew's just graduate also not easy get job

Even civil servant job also not easy get in;(

65% give their endorsement

 

[crimsontactics]

65% give their endorsement

Moi ish scared Bro Foetid!!!

 

[3G SAINT]

Nike retrenchment yesterday, my relative who is 50+ kena

No news report

 

[Bad kids]

Dear all,

Anyone has job for me?

I am looking for an employment.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

You should have good savings for the past years of work right? And should be easily retire anytime?

 

[3G SAINT]

What's his salary before n after would u know? 8k Vs 3k??

Last time maybe got 4k to 5k in 90s consider alot

 

[highsulphur]

Am glad u still managed to find a high paying replacement role? Your some MD in banking or portfolio manager I recall??

i have always been ka gia all my life. Was never a manager.

Took a pay cut when I found my new job but I was grateful it was a different scope that allows me to learn new things and experience. Furthermore, I was fortunate that I didn't have period whereby I have no income.

 

[Bad kids]

No, don't do this! Business is ultra competitive and costly nowadays. At 50 and with a new lump sum of money, put it in FD for 1 year even if the return is low. Take time to really consider what to do with it like winning a lottery.

Actually hor, some people at 50s got monies and investment, but some also make poor judgement calls... And not everyone is comfortable kenna retrench and knowing that the next pay check is not coming.
That's why some have miliion spare cash, and some have only a thousand left...

 

[Level42]

Izzit true only Chio Bu won't get retrench？

My ex-colleague who was retrenched and who ended up with extra CPF from the company , was a chiobu. She was also in her prime, around 30+, with solid regional experience. Definitely easier for younger and good-looking people to land another job in MNC.

I could tell the retrenchment experience wasn’t pleasant for her. But she stood out because she was the only one who actually asked management why she was retrenched. I don’t know of anyone else who’s ever done that. From her case, it’s easy to see that sometimes decision-makers just tikam when deciding who to let go.

 

[averagebean]

How to retire at age 50 unless you have loads of savings, passive income, or plan to expire in 10 years.

 

[Yowe55 mini]

You should have good savings for the past years of work right? And should be easily retire anytime?

Dear Bad kids,

Bad planning and irresponsible speculation is catching up on me. I am looking for employment to make up for that.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[CHINAUSA]

TS in Mediacorpse ah?

 

[Yowe55 mini]

Dear all,

What are the retrenchments taking place in Singapore to-date?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[Yowe55 mini]

My ex-colleague who was retrenched and who ended up with extra CPF from the company , was a chiobu. She was also in her prime, around 30+, with solid regional experience. Definitely easier for younger and good-looking people to land another job in MNC.

I could tell the retrenchment experience wasn’t pleasant for her. But she stood out because she was the only one who actually asked management why she was retrenched. I don’t know of anyone else who’s ever done that. From her case, it’s easy to see that sometimes decision-makers just tikam when deciding who to let go.

Dear Level42,

It's about bottom line and whether it is hurting the PL. It has nothing to do with a person's capability and contribution.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[Bad kids]

Dear Bad kids,

Bad planning and irresponsible speculation is catching up on me. I am looking for employment to make up for that.

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

Ya lor, keep it up... me too.. I did some bad moves for years... and literally not working during covid and a long period post-covid... didn't really have much CPF too... but I am okay... and happy too

 

[purplewave]

nothing last unfortunately

 

[Shalomp]

I have been working in this company for 25 years and am officially retrenched today.

Should I be happy or sad? I am above 50 and currently is tough for me to find a job as I only have a poly diploma.

Any advice?

tiagong skillfuture will help u

 

[wulu1_69]

Didn’t know retrenchment benefits are not taxable. At least IRAS is kind here.

Not liable for cpf deduction as well