The Polytechnics "force" the staff to resign and no need to give
any compensation.
Originally posted by Atobe:
Is there an Economic Recovery
or is the Economy still in the doldrums ?
What is the reason for the recent revision in the statistics to
show Singpore is on the way to achieve 3% to 5% improvement to the
Economy by end-2004 ?
Is this an empty statistic put up by the Statistics Department,
working in the Minister of Finance, so as to justify the earlier
stepping down of PM GCT, as this was a stated condition by GCT that
he will do so when the Economy has improved ?
It is surprising that in an environment that is supposed to be
leading to Economic Recovery, Singaporeans are still being
retrenched.
The despicable irony of this retrenchment is that it is done after
the Retrenchment Rules have recently been changed, which limit the
retrenchment benefits - of one month for each year employed - being
capped at a maximum pay out of 25 months only.
Did Temasek Holdings get prior information of the impending change
to the Labor Laws governing Retrenchment Benefits, and waited for
this rule to be effected before this Retrenchment Exercise ?
Is this another contradictory policy being designed to encourage
Singaporeans NOT to stay too long with any Company, and NEVER
beyond 25 years ?
[b]Zoo workers get
golden handshake
By Arti Mulchand
ALL 560 staff members of the Singapore Zoological Gardens,
Night Safari and Jurong Bird Park have been offered a 'voluntary retrenchment
scheme'.
Parent company Wildlife Reserves announced this to staff two weeks
ago. The move is to 'eliminate areas of duplication that have
arisen over the years' in both operations and management, the
group's deputy chief executive officer Ho Yew Kee said in a
statement to The Straits Times.
The three parks owned by Temasek Holdings were integrated
in August 2000.
A company spokesman said that some staff members have already been
laid off. Security, for example, was outsourced since Monday, he
said.
Under the scheme, those who have worked for more than three years
have been offered a month's salary for every year served, if they
volunteer to retire, with the payout capped at 25 months.
Those who have been with the company for less than three years get
half a month's pay for each year served.
Although it is an opt-in policy, the company can refuse a
staff member whom they don't want to go. No cut-off date
has been set for opting in.
The company will not comment on the number they want to reduce
staff strength by, or how many staffers have already taken up the
scheme.
http://straitstimes.asia1.com.sg/latest/story/0,4390,238169,00.html?
[/b]