Retrenchment Started today

[Killingeve]

May I know what role or industry are you in?
Sorry to hear this happened

 

[crimsontactics]

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?

I'm sorry to hear that Bro Godbleseu!

Moi also kenna retrenched on 10th June 2024 for a company moi worked for 2.5 years when moi was 32 years old...

Moi cope by finding a job immediately by reducing moi asking salary...

 

[Ronaldo88]

Can survive de..just need to spend wisely..only basic, essential needs..

 

[OutBreak]

Congratulations to TS for your early retirement !

 

[MrAwesomeX]

Congratulations to TS for your early retirement !

Blessing in disguise. Invest those money in fd ,bonds and etf stocks.

Dun indulge in too much massage parlor though.

 

[ShuttleDots]

Pay 10k x24 months

wha 240k tax free

Retrenchment is tax free meh

 

[tokong]

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?

Sad to hear, Godbleseu (God bless). Why you did not upgrade to degree in engineering part-time at NUS or NTU over the 30 years you've worked?

 

[ralliart_ray]

seriously i hope they golden handshake me with (16 x 2) + 3 months of compensation so that i can retire

 

[everex]

1. Update your CV and apply to relevant or jobs you are interested to try (even outside your field). Send as many as you can. Accept all interviews, lower salary expectations.

2. Enroll in courses under Skillsfuture especially those related to AI.

3. Take a break, can be a short vacation or getaway.

4. Pray and give thanks.

Hope you find the life you want.

 

[Joe Maya]

Sorry to hear that but the 24 months payout sound good.

Don't expect to get the same celery for your next job.

If you own a car, try part time phv.

 

[sAVaGEmP5]

Wah if u can get a job now u can 2x ur earnings for these 2 yrs

 

[Bam25th]

Wow I’m so envious of TS.

At 50+, I would probably be thinking of retiring already. Now he has free 24 months salary.

Plus can stack with the 6 months govt retrenchment support benefits, so 30 months.

Assuming TS is 55 years old in advance, it means he is paid until 57.5 years. If he bored, he can find some low paying relaxing security job, every month earning $2k. His total income when he reaches 60 will still be more than if he didn’t get retrenched.

Congrats TS!

 

[cet87]

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?

You worked so long for them. Did you give you some money?

 

[the_dog]

Resist the temptation to dump that lump sum into any wonderful investment people promise you. If can drive grab part time, do that to get some pocket money while considering your next move

 

[Bui Kia]

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?

so long service reward + 25 month retrenchment package
i think you can retire and take a break first

 

[Brionic]

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?

PHV, food delivery like all the others jobless sinkiekias

service the PMET foreigners taking over your jobs

 

[BusyBeeWorker]

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?

Username checks out

 

[Yowe55 mini]

Dear Godbleseu,

I feel you. The retrenchment benefit is tax-free. I believe your HR will be providing some relief package to counsel you.

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

 

[kuti-kuti]

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?

Once u reached this age and even earlier, eg 40s that is the trend unless u are an elite.

 

[lordofshanghai]

will advise to park that 23 months of salary into some safe returns assets..
and take a few days off to re-adjust yourself etc..
after which, can start applying jobs... remember to apply for gov benefits..
hopefully your kids or housing paid off.. jiayou bro!