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Most MNC will openly announce the retrenchment and cost cutting exercise. But some company remain silent. You might not know who’s next until you were call to the office. So, here’s a few signs you might notice in your company.
Tags: * JobsBroadway.com, Career Performance, Jobseeker, Retrenchment
The rumors of Western Digital Kuching closing down few months back has been confirmed - TRUE. According to The Star 24 Dec 2008 on “Help Retrenched Workers, Govt Urged”, some 500 engineers and 1000 technical workers will lose their jobs in March next year.
We do not know whether the close down is entirely because of the economy or other factor. But, we do know that the global demand in the electronic industry have reduced significantly (averagely 11% reduction in demand).
Due to this poor demand, many factories have close down their production line. To reduce the operating cost, factories usually exercise the following steps to retain talent before they decide to go into mass retrenchment.
Down sizing Measures (From Scale of Mild to Severe)
Tags: compensation, contract job, cut cost, cutting salary, downsizing measures, employees benefits, employers, force leave, jobseekers, lost their jobs, permanent job, plant shut down, Retrenchment, vss
From my previous post on recession and retrenchment, I did mentioned some tips to avoid being chosen in the retrenchment list. After this news article this morning, I feel that I should write some tips for those who need a job fast!
Tags: Employment, Find New Jobs, Jobs Available, Retrenchment, Tips on interview, Tips on resume
If you are working in a company which might be hit badly by the recession, be part of it, feel the pain the company is going through. Inconsiderate staffs have no value towards the company. Here’s a few tips:
Tags: career, Recession, Retrenchment, Work attitude
