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Phillips Job Cuts
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scotty
Senior |
15-Dec-2008 07:16
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Probably so. But I think if it is really unjustified, can lodge a complaint with MOM and let them investigate.
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OneSharer
Veteran |
14-Dec-2008 22:53
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scotty: think cathy meant their "presenting" reason was not pregnancy. cathy: Tks for sharing. That's why sometimes, I don't have an issue w/ people breaking bonds. Like you said, if they want you, they keep you. If they don't, they're also dump you.
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OneSharer
Veteran |
14-Dec-2008 22:47
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You sure it's IQ and not EQ?
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scotty
Senior |
13-Dec-2008 11:37
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I am sorry to hear that. But isn't it illegal for your company to terminate you because of your pregnancy?
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cathylmg
Elite |
12-Dec-2008 12:54
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I have been terminated immediately after my confinement period during the last financial crisis. Still out of job and not looking into getting back. The momentum is not there anymore. Its been 10 years now. They were very clever, said your job is obsolete. Don't even give you retrenchment benefits. This is how local firm works. Pay you high when they need you, terminate when they don't need. Local firm sucks! Can't do anything.
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Laulan
Master |
12-Dec-2008 08:07
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People facing job cuts should take retrenchment as a given holiday until the next job. This out of job period is good for soul searching, self improvement, learning more about the community or people living around you. Maybe take up sports,fine tune your skills or get new ones and visit friends and relatives for counsel and bonding. Best thing to do is stay fit and spend lesser. Quickly look to rent out a room to tide over any unforeseen expenses that may crop up before the next job comes. Be happy always and never fret to make a situation worse. Cheers.. | ||||
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iPunter
Supreme |
12-Dec-2008 07:52
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Happiness is absolute, not relative... and that's the problem... |
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AK_Francis
Supreme |
12-Dec-2008 00:21
Yells: "Happy go lucky, cheers." |
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Compare to some very poor countries, I am sure our folks here how poor they are, they will not starve to death. Their HOPE to get help will never got unheard. Gov n people around will render them help to survive and move on. Though their living are still tough as compared to those much better of one around them, but they feel greatful n happy. |
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iPunter
Supreme |
12-Dec-2008 00:04
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Yes, there's hope even in poverty... |
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lookcc
Master |
11-Dec-2008 23:56
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yes, do not put additional pressure on urself, take it easy, be perseverant n things will work out ok......where there is life, there is hope...just be optimistic with a positive mental attitude n relax. | ||||
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AK_Francis
Supreme |
11-Dec-2008 22:59
Yells: "Happy go lucky, cheers." |
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Brother, dun give u too much pressure. Just relax n face road ahead.
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limkt009
Veteran |
11-Dec-2008 22:52
Yells: "Watch your front, grab $$$$$ at your own time" |
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Wouldn't the retirement package same as retrenchment package? You can invest in cheap stocks with money from an early package... | ||||
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Juzztrade
Veteran |
11-Dec-2008 22:47
Yells: "Techincal and long term investor" |
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Hopefully, there will be no retrenchment at Sony Singapore. I am waiting for my retirement package next year.
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tanglinboy
Elite |
11-Dec-2008 22:44
Yells: "hello!" |
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SINGAPORE: Retrenchment blues have hit close to 100 employees working for Dutch electronics company, Philips Singapore. According to the company, the number of those retrenched makes up less than 3 per cent of its total staff strength of 3,200 here. Affected staff are mainly from Philips' Consumer Lifestyle Division's Audio-Video and Multimedia business unit who make up about 5 per cent of the 1,920 staff in the division. They were informed of the decision on Wednesday during an internal staff meeting and will start leaving the company by the end of this month. Philips Singapore told Channel NewsAsia that the move is part of a global restructuring effort to optimise its worldwide business portfolio. In this case, the affected business unit will be restructured to concentrate on three product categories, down from the previous five. The move is said to be necessary for the long-term viability of its business and will enable Philips to focus on its core strengths in those three categories. A spokesperson said the company had informed its staff union of the move before making the final decision. It is currently working with an outplacement agency to help the affected workers. Efforts will also be made to relocate them wherever possible to other positions within or outside Philips. In a meeting with investors and financial analysts in Amsterdam last week, CEO and president of Royal Philips Electronics Gerard Kleisterlee said: "These are unusual times and the rapid economic deterioration will have an impact on Philips' short-term financial targets. "But we are taking actions to protect our margins and we have made progress to create a more balanced portfolio and strong balance sheet so we are in good shape to deliver and weather the storm." |
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tanglinboy
Elite |
11-Dec-2008 22:37
Yells: "hello!" |
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100 Jobs cuts at Phillips | ||||
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