I heard Maxtor juz axe another 1000?

Manager433 SG

Shocked

Anyone can help to confirm this?

ObviousMan SG

Yeah, confirmed in today's State Times.
1,099 people kena --- headlines reported figure round down to 1,000.

Good! Learn from NKF how to report figures!

abao SG

Shocked Shocked Shocked
another 1100 people to join the ranks of the unemployed...

grandeur SG

What kind of positions are most of the 1100 were holding in maxtor? Production worker, engineer or etc?

charlize SG

They are targeting 5000 over retrenchments to be spread out over a year.

This is just the beginning. Laughing

ObviousMan SG

Expected really, since Seagate bought over Maxtor.

Think Don't Bull S_hit Bank will join in later this year, worst results among the local banks.

FireIce SG

does that mean the hdd will be cheaper?

sbst275 SG

Nope

It means better margin for Maxtor

ceecookie SG

removed

ObviousMan SG

Already very cheap liao.
Seagate hdd 5 years warranty somemore.

darknessfall SG

unemployment rate increasing again? sigh…...

king108 SG

I heard a big japanese firm located around Bedok will also going end of this year. Understand that they had no renew their land leasing contract. That will be another few thousand on the way.

Manager433 SG

Starts wif letter H and ends wif letter i ?

king108 SG

Sorry, it started with any M ended with A

king108 SG

Sorry typo error. It's another with "M" ending with "A". Some operations had already moved to Malaysia and China years ago. Now is the balance that may go to the Market Place for head chopping.

I heard another one asked 50% pay cut or chop head recently.

ObviousMan SG

You all talk cok is it? Never read newspaper har!

Wages set to rise in 2006: Manpower Minister
By Farah Abdul Rahim, Channel NewsAsia
Posted: 01 March 2006 1438 hrs

SINGAPORE : With the economy expected to grow some 4 to 6 percent this year, wages look set to rise as well, says Manpower Minister Ng Eng Hen.

He was asked in Parliament if he expected average wages to rise in the next 12 months.

Said Dr Ng, "If Singaporean workers continue to upgrade themselves, upgrade skills and improve productivity, they will enjoy higher wages. In 2005, they did enjoy higher wages ... the average monthly wages rose about 3.5 percent, while the CPI rose 0.5 percent. So with the economy expected to grow by 4 to 6 percent this year wages are likely to rise.

"In summary, our flexible labour market has enabled us to grow the economy, create jobs for Singaporeans and increase the number of Singaporeans and the proportion of executives, professionals with good paying jobs." - CNA /ct[/b]

king108 SG

Seeing is to believed...only to be wet then knowing is raining... Shocked

Atobe SG

Originally posted by ObviousMan:

You all talk cok is it? Never read newspaper har!

[b]Wages set to rise in 2006: Manpower Minister
By Farah Abdul Rahim, Channel NewsAsia
Posted: 01 March 2006 1438 hrs

SINGAPORE : With the economy expected to grow some 4 to 6 percent this year, wages look set to rise as well, says Manpower Minister Ng Eng Hen.

He was asked in Parliament if he expected average wages to rise in the next 12 months.

Said Dr Ng, "If Singaporean workers continue to upgrade themselves, upgrade skills and improve productivity, they will enjoy higher wages. In 2005, they did enjoy higher wages ... the average monthly wages rose about 3.5 percent, while the CPI rose 0.5 percent. So with the economy expected to grow by 4 to 6 percent this year wages are likely to rise.

"In summary, our flexible labour market has enabled us to grow the economy, create jobs for Singaporeans and increase the number of Singaporeans and the proportion of executives, professionals with good paying jobs." - CNA /ct[/b][/b]

IT IS ELECTION YEAR - can anything more gloomy be said by the Ruling Elite, or printed in the State controlled National Media ?

Can we depend on the numbers offered by the Statistics Department ?

In their report for 2005, the following was given -

Labour Force ('000) : 2,367.3

Employed Persons ('000) : 2,266.7

Unemployment Rate (%) : 3.4
(Seasnoally adjusted)

IF - the numbers are not 'seasonally adjusted' the Unemployment Rate will be between 4.2495 percent and 4.4438 percent.

In a separate MOM report for 2005, it was stated that -

" On a non-seasonally adjusted basis, the overall unemployment rate was 2.6% in December 2005 "

This will represent a difference in accuracy of between 38.818 percent and 41.491 percent - when comparing the unemployment rate reported by the Statistics Department and MOM.

We will need a new thread to track the number of companies - MNCs and SMEs - that are closing their operations or downi-sizing, so as to get the reall numbers that go unreported or deliberately given a small column.

All participants in this Speakers' Corner - who are staying in all areas of Singapore - can contribute the employment situation in the neighborhood of their homes or their workplaces.

king108 SG

Originally posted by Atobe:

[b]IT IS ELECTION YEAR - can anything more gloomy be said by the Ruling Elite, or printed in the State controlled National Media ?

Can we depend on the numbers offered by the Statistics Department ?

In their report for 2005, the following was given -

Labour Force ('000) : 2,367.3

Employed Persons ('000) : 2,266.7

Unemployment Rate (%) : 3.4
(Seasnoally adjusted)

IF - the numbers are not 'seasonally adjusted' the Unemployment Rate will be between 4.2495 percent and 4.4438 percent.

In a separate MOM report for 2005, it was stated that -

" On a non-seasonally adjusted basis, the overall unemployment rate was 2.6% in December 2005 "

This will represent a difference in accuracy of between 38.818 percent and 41.491 percent - when comparing the unemployment rate reported by the Statistics Department and MOM.

We will need a new thread to track the number of companies - MNCs and SMEs - that are closing their operations or downi-sizing, so as to get the reall numbers that go unreported or deliberately given a small column.

All participants in this Speakers' Corner - who are staying in all areas of Singapore - can contribute the employment situation in the neighborhood of their homes or their workplaces.

[/b]

Cool Frankly speaking, I got a feeling that Mr Obviousman is a high salaried man.

Cool In a balance sheet where Figures, Formulas, Finance Years Phasing, Bad Depts, etc can do a big change to present budget. Need no expert also can understand the logic. Mr. Green I am no a accountant also can tell all these.

Cool Frankly speaking, I am not sure what is that figures actually reflects. Just need to go to any meet the peoples section, can tell the number.

Cool Look at the number of declared poor man on paper each days and sum them up, will give the no. of poor singaporean each years.

Crying or Very sad It's for you to believe and got nothing concern about me. Some are my clients or friends actually got paid cut. (Just recently). Need no prove, already provened.

As for the other, I would blame you. As it may not concerned you or me either. To see it than believe may be too late - better to be prepared than to wait for it to be realised. To get wet than know it's raining - one or 1000 had already be chopped.

For me, those figures and whatsoever, is just like an stock broker selling his share. Normally, I will thanks him and then ask him to sell it to other buyer. Cheers! Mr. Green