Retrenchment Started today

[waiken]

Golden handshake. Find a less stressful job.

grab security janitor to name a few? thats the reality now

 

[Acetone]

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?

Hope you got a good handshake

 

[reno77]

govt helping a lot, chased the jhk away from grab and allow Sgians to open home cafe.

 

[KakiMeow]

Heng u got 24 months, can use to buffer until next job lo

 

[titusilvering]

If got 100k single man go find one laosbus merry and raise pigs chicken rent hdb out enough liao

 

[ramlee]

24mths package.
Haven't heard such good for years.

Now is mostly mth per year cap at 12 or 18.
Even now half mth for per year is common.

Mai csb

Anyway 50s just retired suar ...
Congrats TS

Rast time mine ish 1 week for year of service capped at $5k

 

[TA20222025]

Edmwer get retrench is 20k x 24

480k..

Yup, that's my colleague who just left 4 months ago.

26 years with the company and around that kind of pay. Company caps severance at 24 months. He's happily retired back in jiuhu now.

 

[darkelf]

Go take up skillsfuture course and seek another white collar job. Lower pay expectations. Go take cert in AI, robotics, digital/automation engineering. Don't drive phv,cab,grab. Driving is dangerous and taxing on your body. There are better options.

Do you have relevant certs, skills?

 

[zohn1999]

24 months salary

That is generous. 24 mth x 20K. 480K already.

 

[boredom2012]

First thing first.

https://jobseekersupport.mycareersf...4pixE3aQDLdLl4ARMdPOndD-PcBfvdAEaAlUYEALw_wcB

Register and earn your 6 months retrenchment support

 

[hmyoth]

Buy Today toto.

 

[Milo-Dino]

Are retrenchment benefits tax free?

Yes tax free

 

[dushensiao]

How much liquid assets excluding house?
Any passive cashflow?

 

[greenbubble]

If I get 24 month packages I will book flight and go on a month tour first.

 

[buttbERry]

wa not easy leh

 

[3G SAINT]

Shiok sia.. Moi only got less than 50k

Gd enough company willing pay compensation

 

[coolmyth]

My sympathies.

50s is really the time when you may not be able to retire, you still want to work some more, but companies find you too old and perhaps over-qualified, to be paid at a certain amount.

It's the worst catch-22 situation to be in today, especially in the current SG society.

If you still want to earn a living, discuss your family, relook your experience, skills and network and plan the next stage properly and carefully.

All the best.

 

[fade_white]

Yes tax free

Cpf deduction free also?

 

[Noworktodo]

24 months is nothing if u are 50. It means you can lobo for 2 years doing nothing.

But what happens after u turn 52?

 

[matchy]

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?