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Thread: Your company start retrenchment/termination of contract liao?

  1. #1

    Default Your company start retrenchment/termination of contract liao?

    Mine did.

    Our usual practise here is, for contract staffs, the contract is renewed and can be terminated by both parties. With a notice of 1 month.

    Got an admin assistant whose contract ended yesterday.

    She didn't know until she called up her agent the day before.

  2. #2
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    Default Re: Your company start retrenchment/termination of contract liao?

    what type of industry is your company?

  3. #3

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by Shu22 View Post
    what type of industry is your company?
    Electronics manufacturing. Mainly making production equipments.

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    Default Re: Your company start retrenchment/termination of contract liao?

    Frankly, if you were to ask me, the market has been soft since early this year. We couldnt figure out why until Oct, the Lehman's incident.

    Anyway, i have a second company doing Head Hunting and Placement (apart from training, consulting, etc), all the clients have stopped hiring. Previously, it was hard to find candidates (Singaporeans and PRs). Now, its hard to find a job!
    Don't brag about your accomplishments; Show us your future works.

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    Default Re: Your company start retrenchment/termination of contract liao?

    not in the pharmaceutical company I am working at the moment, or may be not yet, although the sales seem to be slowing lately, I think some sectors affected more than the other.
    Sony Alpha 700 hobbyist

  6. #6

    Default Re: Your company start retrenchment/termination of contract liao?

    Mine stopped hiring a little while ago, but of course there are always those with "specialised skills" which are still required......

  7. #7

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by JacePhoto View Post
    Frankly, if you were to ask me, the market has been soft since early this year. We couldnt figure out why until Oct, the Lehman's incident.

    Anyway, i have a second company doing Head Hunting and Placement (apart from training, consulting, etc), all the clients have stopped hiring. Previously, it was hard to find candidates (Singaporeans and PRs). Now, its hard to find a job!
    Ya lor. Same for my side, project keep postponing, cancel or localize in China. My China colleague, a manager, was telling me, they are in fact employing over at their side.
    Cheaper labour...

    Quote Originally Posted by zcf View Post
    not in the pharmaceutical company I am working at the moment, or may be not yet, although the sales seem to be slowing lately, I think some sectors affected more than the other.
    My sis in law works in the pharmaceutical field as well and ya, she too told us her company is not doing well since start of 2008.

    My father use to work in Keppel FELS, a big oil rig maker with a lot of bonus (7.2 mths in 2006 and 8 months in 2007 if i am not wrong).

    But during the recession plus 911 incident, he too, lost his job at 2002.

    That was the worst part of my family's life as my dad is the only sole bread winner.
    And it was World Cup 2002 lor...

    Quote Originally Posted by tsjcsl View Post
    Mine stopped hiring a little while ago, but of course there are always those with "specialised skills" which are still required......
    Ya, specialisation is the key to survivor now. However, competition can be rather stiff if everyone lowers their expectation.

  8. #8
    Senior Member Sion's Avatar
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    Default Re: Your company start retrenchment/termination of contract liao?

    I've heard that a large multinational accounting firm E & Y retrenched their IT division in Sydney and also read that ACP the largest publisher here has also retrenched its marketing team.

    One guy resigned from his job in Hong Kong to take up an offer form Lehman Brothers which closed its door before he started work. Now he is out of job.


  9. #9

    Default Re: Your company start retrenchment/termination of contract liao?

    touch plenty of wood......this did not happen and touch plenty of wood again.....i hope it won't happen coz am still paying off my camera in instalments

  10. #10
    Senior Member giantcanopy's Avatar
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    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by xiaowanzi View Post
    .....i hope it won't happen coz am still paying off my camera in instalments
    Arh. makes u wonder how the credit crunch started in the first place

    Some of the pharmaceuticals also kenna hit badly like Merck cutting more than 17000.

    My side HQ also mentioning cutting down on estab, cannot ask for more people in face of economy. So we will remain short staffed as usual. With increased workload

    Ryan

  11. #11

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by giantcanopy View Post
    Arh. makes u wonder how the credit crunch started in the first place
    ironically...becoz of pple like me

  12. #12

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by tsjcsl View Post
    Mine stopped hiring a little while ago, but of course there are always those with "specialised skills" which are still required......
    ditto in my case...financial industry...

  13. #13
    Senior Member Leong23's Avatar
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    Default Re: Your company start retrenchment/termination of contract liao?

    Mine still ok......... luckily i'm lowly wages staff.......so they wouldn't retrench me.......

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    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by Leong23 View Post
    Mine still ok......... luckily i'm lowly wages staff.......so they wouldn't retrench me.......
    may not always hold true....lowly wages is easier to be replaced....unless ur case is really low wage like a few hundred a month?

  15. #15
    Senior Member Leong23's Avatar
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    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by ray_stinger View Post
    may not always hold true....lowly wages is easier to be replaced....unless ur case is really low wage like a few hundred a month?
    Very very very low............................................... ...............................

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    Default Re: Your company start retrenchment/termination of contract liao?

    well c*n*n haven't kick me out yet...since my contract with them ends early next year and my pay is the lowest end for dip student.
    besides i don't understand why a big company like them can delay paying me a low cost cleanroom allowance for a month !!!
    Last edited by Simon_84; 1st November 2008 at 11:24 AM.

  17. #17

    Default Re: Your company start retrenchment/termination of contract liao?

    my company totally freeze recruitment,
    so no more new cute & pretty colleagues coming in... *sadpanda*

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    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by archlover View Post
    my company totally freeze recruitment,
    so no more new cute & pretty colleagues coming in... *sadpanda*
    Gosh. haha also true.

    mine i got to wait till 20november than recruitment starts again.
    Quote Originally Posted by Leong23 View Post
    Mine still ok......... luckily i'm lowly wages staff.......so they wouldn't retrench me.......
    HAHA. same for me but they still pay me 1.3k per mth. doing simple job.

  19. #19

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by xiaowanzi View Post
    touch plenty of wood......this did not happen and touch plenty of wood again.....i hope it won't happen coz am still paying off my camera in instalments
    Hahaha guess you bought yout d60.

    Well to the rest, things won't be much better until at least Q3 next year i feel.
    But oh well, time to tighten our belts and keep the BBB spirit liao.

  20. #20

    Default Re: Your company start retrenchment/termination of contract liao?

    Quote Originally Posted by Sion View Post
    One guy resigned from his job in Hong Kong to take up an offer form Lehman Brothers which closed its door before he started work. Now he is out of job.

    My 2nd bro also jumped from Credit Suisse to Mogan Stanley...

    Well, both ways also


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