PM Lee Foresee Massive Retrenchments Later This Year

will4 SG

its an i shape...

for US to come out of recession..they need to spend..but they are broke..so they have to borrow from others to spend.the others have no money to lend because US isnt spending..so if US doesnt get the funds to spend..US doesnt get out of the recession..so they got no money to buy..with no money to buy..sellers cant sell their goods..goods not sold leads back to no money to lend US to spend and again and again it continues..

The troubling part recovery still on track but many people also not spending as they worried about the economy.

will4 SG

This is the indicator the local economy.

http://news.id.msn.com/regional/article.aspx?cp-documentid=3533023

http://news.id.msn.com/regional/article.aspx?cp-documentid=3520487

The exports to China also fell faster according to artice.

Arapahoe SG

U may not have enuf to feed yourself, dun talk about your dogs.

Anyway, Massive retrenchements does not imply massive jobless, with the IR and other new economy industries coming, there can be also be a massive employments. Therefore, you can see great changes in our economy, from a laze monotonised one to a knowledge/high skills/service orientated economy.

what Fuck CRAP are you comparing with street sweeper? IR will bring knowledge/high skills of WTF..................... gambling is only a Gaming industry....

If mid level managers spend 15 yrs managing manufacturing for Asia and if he/She lost their job in one month you want him/her to transit to a Card dealers, skinpy waiterss job???? And that is going to be high skills ???

Not everyone person can be a nurse; not everyone can be a card dealers not even if you send a person to attend Card dealer school in Las Vegas. And new card dealer from Las Vegas are send to remote Casino....to squak and wait for opportunity along the strip. They make minimum hourly wage.

Arapahoe SG

The matter relating to retrenchment is something the PM can hardly do a thing cause the Spore is dependent on the US market to export her stuff. Export such as electronic and PC stuff but if u look at Malaysia or Indonesia, they are not that badly affected considering the fact that they also export to US but they export mostly commodities such as oil or palm oil which is a daily necessity in everyday life of the common people. A person can do without electronic gadget, mayb deferring the purchase but they cannot do without palm oil.

Most Singaporean Do not understand ...........The notion that Singapore depended upon export oriented are just the remnant of FDI from the 80s. and 90s. Back than it works for Singapore. liberal trade polices is simply an extension of that same strategy.

To continue expecting this strategy to work for island state is to bury yourself in the hatch. Since the start of 2000 most MNC has gone several round of restructuring it is only a matter of time it exit out from Singapore.

What Singapore govt fail to understand that at the end of the day, Singapore needs its own industry. It need to buffer its own SME, but instead it invest too much on Civil Govt and crowd out talent from the private sectors.

Private sectors are to fence for themseleved.

I-like-flings(m) SG

US ppl love to own things

u ask what they need to have in life

They will tell u

Car !! I pod!! I phone!! PS3 !!!

go backpacking around the whole world!!

They play more then they work~

that is just half of it ar.... worst is after doing all the above they still think they are very pro very great and think they big big very smart..... most amercian i met b4 are useless... sometimes worst than our dear cheena fren lor..

reyes SG

Private sectors are to fence for themseleved.

i agree with the above opinion. the very reason why the ruling party or govt invested heavily in scholars, civil sectors are to keep them in power.

singapore industries can only play the role of supporting other industries and never really carve out a name by themselves.

scholars are only release to the private sector if they fail to make the cut for ministeries position. by then these scholars will have incultivated a govt style of management that could do no right for the private sector. maybe somebody can advice us any scholars are doing well in private sector? as in entrepenurs?

angel7030 SG

what Fuck CRAP are you comparing with street sweeper? IR will bring knowledge/high skills of WTF..................... gambling is only a Gaming industry....

Hello, i went e2i with frens to look for card dealer jobs ok, my frens went for the interview with those Macau Casino Manager and Manageress, the basic pay of a dealer is already 2.5k and the tips from wining peoples can amount to 1 to 1.5 k per month, so in total, a dealer get about 3 to 4 k per month by just initial start, all suitable candidate will either be train in Macau or US with full pay.

the Casino, resort and studio need 20,000 peoples, dealers only take in 200, there are technicians, guards, HRs, Managers, estate officer..etc etc...so many jobs there...if a manager lost her job after 15 years, either the company goes bust or because she never upgrade herself during this past 15 years, old university certificate who want?? so in this free society, you need to make contingent plans for yourself, you just cannot go one and believing you are in a job forever,...remember no more iron rice bowl already..so please, ask the old maid to upgrade and learn new thing and open up her mind to new challenge, otherwise she is history.

and..nobody own her a living ya

« Previous Page