"weather proof" occupation

Reply to "weather proof" occupation on Thu, 26 Mar 2009 23:45:16 GMT

pinky — Thu, 26 Mar 2009 23:45:16 GMT

The retail sector is also badly affected. Report said about 20,000 jobs

will be lost if sales don’t pick up and rental not reduced.

Reply to "weather proof" occupation on Sun, 01 Feb 2009 03:07:41 GMT

tanlengleng — Sun, 01 Feb 2009 03:07:41 GMT

jedamum:
buds:
Some companies do not put SAHM as priorities

in their list of potential candidates due to being
out of the social circle for too long...
If i am to return to the work force in a few years' time, my 'selling point' would be that the employers need not worry about paying me maternity benefits! :roll:

I was telling my mum,
last time when she enroll me (3rd kid) in school,
she needs to produce her ligation cert.
Next time I go & find job,
I may need to produce a ligation cert./IUD inserted cert. hahaha...

Reply to "weather proof" occupation on Sat, 31 Jan 2009 16:54:16 GMT

jedamum — Sat, 31 Jan 2009 16:54:16 GMT

ChiefKiasu:

Err... got certificate to prove that or not har? :idea: Sorry... just curious.

:lol:
No certificate, but letter of undertaking can?

Reply to "weather proof" occupation on Sat, 31 Jan 2009 16:14:32 GMT

ChiefKiasu — Sat, 31 Jan 2009 16:14:32 GMT

jedamum:
...If i am to return to the work force in a few years' time, my 'selling point' would be that the employers need not worry about paying me maternity benefits! :roll:

Err... got certificate to prove that or not har? :idea: Sorry... just curious.

Reply to "weather proof" occupation on Sat, 31 Jan 2009 09:44:10 GMT

buds — Sat, 31 Jan 2009 09:44:10 GMT

Heyya jedamum,

Wuahahahahaaa! :lol: :lol: :lol:
I suppose AM so gonna use that too!

Would you mind if i do?

Reply to "weather proof" occupation on Sat, 31 Jan 2009 08:15:50 GMT

jedamum — Sat, 31 Jan 2009 08:15:50 GMT

buds:
Some companies do not put SAHM as priorities

in their list of potential candidates due to being
out of the social circle for too long...

If i am to return to the work force in a few years' time, my 'selling point' would be that the employers need not worry about paying me maternity benefits! :roll:

Reply to "weather proof" occupation on Sat, 31 Jan 2009 07:08:53 GMT

buds — Sat, 31 Jan 2009 07:08:53 GMT

Heyya Chief,

Ya lor. For SAHM hubs is the eternal employer!
If they lose it (jobs), we gotta move it... move it!
(move our butts out there job-hunting! :shock:)

>....... if anyone wants us, that is........
>Some companies do not put SAHM as priorities
in their list of potential candidates due to being
out of the social circle for too long...

Reply to "weather proof" occupation on Sat, 31 Jan 2009 07:07:39 GMT

tanlengleng — Sat, 31 Jan 2009 07:07:39 GMT

Agree, Certis Cisco had been recruiting recently…

Reply to "weather proof" occupation on Sat, 31 Jan 2009 07:04:55 GMT

buds — Sat, 31 Jan 2009 07:04:55 GMT

Heyya jedamum,

Agree. Defence sector opened up the most
in recent recruitment drive for qualified
personnels to have that job switch.

But, i shud think even after the pass in the
credentials part, must still pass IPPT and
run with all the young ones... without fainting.

Unless, if desk bound job. (not outward bound)
Heee..

Reply to "weather proof" occupation on Sat, 31 Jan 2009 06:51:39 GMT

jedamum — Sat, 31 Jan 2009 06:51:39 GMT

\"weather proof\" occupation = defence sector

poor economy = rise in crimes :shock:

Reply to "weather proof" occupation on Sat, 31 Jan 2009 06:01:58 GMT

tanlengleng — Sat, 31 Jan 2009 06:01:58 GMT

ChiefKiasu:
tanlengleng:
\"weather proof\" occupation = SAHM?

Not necessary... in a recession, SAHMs may lose their \"jobs\" and go back to the workforce.

Not a bad thing if they are able to find one during bad times.

Reply to "weather proof" occupation on Sat, 31 Jan 2009 02:01:24 GMT

MMM — Sat, 31 Jan 2009 02:01:24 GMT

Yah that’s true. In today’s economy where there are so many companies cutting jobs. It’s really worrying. Being retrench does affect the entire family and especially so if it’s single income family.

Just hope that more companies will act ethically and do not use time like this to get rid of headcount.

Reply to "weather proof" occupation on Sat, 31 Jan 2009 01:51:13 GMT

ChiefKiasu — Sat, 31 Jan 2009 01:51:13 GMT

tanlengleng:
\"weather proof\" occupation = SAHM?

Not necessary... in a recession, SAHMs may lose their \"jobs\" and go back to the workforce.

Reply to "weather proof" occupation on Fri, 30 Jan 2009 18:39:41 GMT

tanlengleng — Fri, 30 Jan 2009 18:39:41 GMT

"weather proof" occupation = SAHM?

Reply to "weather proof" occupation on Fri, 07 Nov 2008 06:07:02 GMT

matrix0405 — Fri, 07 Nov 2008 06:07:02 GMT

SINGAPORE, Nov 7 (Reuters) - DBS Group (DBSM.SI: Quote, Profile, Research, Stock Buzz), Southeast Asia’s biggest bank, will cut 900 staff from Singapore and Hong Kong or six percent of its workforce by the end of this month to reduce costs, its CEO Richard Stanley said on Friday.

DBS earlier on Friday posted a 38 percent drop in quarterly profit, below expectations, as losses from bad debts quadrupled and it warned the financial crisis has made business challenging [ID:nSP310666]. (Reporting by Saeed Azhar and Kevin Lim; Editing by Neil Chatterjee)

Reply to "weather proof" occupation on Mon, 03 Nov 2008 03:22:35 GMT

matrix0405 — Mon, 03 Nov 2008 03:22:35 GMT

21 Oct - from blog

Employees of Chartered Semiconductor Manufacturing are the latest casualties of the electronics slowdown that has been hitting the Singapore economy for nearly 2 years running. Reliable sources have informed me that the company has just announced an across-the-board salary cut by between 5% to 10% as follows :

Director level : 10%
Manager level : 7.5%
All other employees : 5%

Apparently senior management is trying to avoid outright layoffs by implementing this pay cut, and it is at least encouraging to note that the management is taking the lead by absorbing a larger reduction on their own wages.

The slowdown is not going away any time soon, with the credit crisis not over yet, and with more to come as more mortgage loans reset in 2009, interest rates go up, and housing prices continue to fall. There will be no respite for the American consumer, whose support in purchasing all manner of electronics goods has been so vital to semiconductor makers like Chartered, which churns out chips for the likes of AMD and Microsoft’s Xbox360, and various chipsets for mobile phones and other equipment.

Chartered employes around 5000-6000 employees, and you can be sure that these will be 5000-6000 employees who will definitely be pulling back and will not be spending further in the local economy, or that of our neighbour Malaysia where many of these employees come from. One can well imagine the wider impact as the ripple effects reverberate through the system.

Reply to "weather proof" occupation on Sat, 01 Nov 2008 05:37:38 GMT

matrix0405 — Sat, 01 Nov 2008 05:37:38 GMT

AIA staff laid off

By Lorna Tan, Financial Correspondent

The axings come just six weeks after AIA’s US parent AIG almost collapsed under the weight of massive liabilities. – ST PHOTO: SHAHRIYA YAHAYA
INSURER AIA Singapore laid off about 20 employees from two of its divisions on Thursday as part of its efforts to trim fat.

The affected employees included chief marketing officer Lance Tay, who oversaw the Life Profit Centre (LPC), and Mr Stanz Tan, the head of LPC and AIA’s vice-president.

Sources said that Thursday’s cuts are unlikely to be the last among the 800-strong workforce. It is believed that there will be more job losses, either through retrenchment, re-deployment, outsourcing or natural attrition. There are no plans to reduce its life agency strength.

The axings come just six weeks after AIA’s US parent AIG almost collapsed under the weight of massive liabilities.

It was bailed out by the US taxpayer to the tune of US$85 billion but the uncertainty affected operations here and sparked two days of panic with policyholders besieging the Singapore office demanding their money back.

The crisis raised the spectre of cost cutting among some staff here. One told The Straits Times on Friday: ‘There are so many changes here. But when you work in a corporate, these things do happen and we just have to move on.’

Reply to "weather proof" occupation on Fri, 31 Oct 2008 08:30:57 GMT

matrix0405 — Fri, 31 Oct 2008 08:30:57 GMT

SINGAPORE : In what is the first large-scale retrenchment here since the economy turned sour, IM Flash Technologies (IMFT) - a joint venture between chip giants Micron and Intel - has scrapped plans to build a wafer fabrication plant, laying off 800 employees in the process.

It became known on Thursday that the staff, 500 of whom are undergoing training in Utah, United States, were informed of the decision on October 13 in a meeting at the company’s Lehi facility. The remaining 300 - hired as production operators and who are mostly from India - have already left the company.

At press time, IMFT’s management, which is based in the US, could not be reached for comment. According to one affected Singaporean employee, the majority of the staff are non-Singaporeans. The employee told TODAY: "Prior to the meeting, everyone was already quite down. Because of the market conditions, some of us had suspicions (that there would be a massive layoff)."

Reply to "weather proof" occupation on Wed, 29 Oct 2008 09:27:18 GMT

matrix0405 — Wed, 29 Oct 2008 09:27:18 GMT

Stanchart lays off senior staff

Wed, Oct 29, 2008
The Straits Times

THE axe continues to fall across corporate Singapore with Standard Chartered (Stanchart) sacking several staff members from the group’s consumer banking division last week.

Senior people in Hong Kong and Taiwan were affected by the bank’s ‘restructuring exercise’ but most of the 35 job cuts were made here. One to go was Singapore-based Sunil Thakar, the head of risk assurance for the group consumer bank. Stanchart has more than 5,300 people based in Singapore.

Hong Kong-based Helen Kan, global head of customer and frontline experience, and Hong Kong-based Arthur Chan, who reports to Ms Kan, have also been asked to go, sources say. Sources say the restructuring exercise - which gained traction about a month ago - includes areas such as wholesale banking, but is particularly ‘prevalent’ at the group consumer bank.

Reply to "weather proof" occupation on Thu, 23 Oct 2008 01:18:26 GMT

matrix0405 — Thu, 23 Oct 2008 01:18:26 GMT

Merck to cut 7,200 jobs

Drugmaker will eliminate more than 10% of its work force to cut costs. Weak sales and a restructuring charge also hurt third-quarter results.

Semicon industry has started retrenchment but not reported in the news. What got reported big big is 10K jobs needed for IR.

Reply to "weather proof" occupation on Wed, 22 Oct 2008 09:07:22 GMT

MMM — Wed, 22 Oct 2008 09:07:22 GMT

I think what is more worrying is that this is a widespread thing and affect not just banking but all other industry as well including those that are still doing well.

Reply to "weather proof" occupation on Wed, 22 Oct 2008 08:34:47 GMT

mintcc — Wed, 22 Oct 2008 08:34:47 GMT

Hi MMM, I know, things are so unpredictable. my co/dept went through a few rounds of "restructuring" / take over before and sometimes the HC cutting can be quite cruel and unfair. Sometimes, alot is base on perception, but that’s the corporate world. hianz.

kaitlynangelica, I suppose you are right. It’s espescially trying for those who have not rip the rewards but suffered the stress and long hours and finally get the pink slips.

Reply to "weather proof" occupation on Wed, 22 Oct 2008 05:56:24 GMT

kaitlynangelica — Wed, 22 Oct 2008 05:56:24 GMT

mincy:
It's sad how some firms treat people when reducing headcount. For banking though, it is a high risk high return thing. hopefully they have save for the rainy day when they are getting 6-15 months bonus...

But I think the other sectors will follow suit soon...Construction is already slowing down.

Not everyone gets so much. The local banks certeinly pay so much.

Reply to "weather proof" occupation on Wed, 22 Oct 2008 04:28:33 GMT

MMM — Wed, 22 Oct 2008 04:28:33 GMT

Yes, unfortunately, ppl are taken as HC.

Eg. we were asked to do a budget cut in 2009. My VP is aligned with me that we will put headcount reduction as last resort and let’s look at the areas that we can cut. I feel that we should behave ethically.

In the end, we are still being made to do Head cuts despite the VP’s protests and assurance that we can achieve the $ savings that they are looking at. There is this obsession about headcount numbers in the corporate world that’s why they are turning to contractors that doesn’t appear on their heads.

Also, if you do not cut headcount, it appears that the cut is not DEEP enough. "You’ve not bled to death so it’s not serious yet."

Personally I feel that it’s very unfortunate and such actions are not being fair to the employees. Of course, no one would want to be on that list. Maybe I was being too "idealistic" also being a libran, I strive on "fairness" alot of time.

Frankly, when I heard abt the potential head cuts, I was concerned abt my job security too and had lots of questions within myself. It appears for now my job is untouchable as they are looking to strengthen the role rather than eliminate it. Such is corporate life. So unpredictable.