*buzz sound. wrong answer, they are making money.
I was wondering are you a student? if you are not, i guess you
must be working for some SME.
For a GLC to make loss, it's very 'cham' liao. The alarm bells
ring when profits DIP. You don't need to wait for a loss for a GLC
to shout for help. That one, is gone case already.
Our GLCs generally year on year, go ask anyone who's worked in a
huge company like a GLC before, post profits. Even during the last
crisis which was SARS, they posted profits, just drop in profits.
When profits don't post double digit growth, they worry. When
profits drop, it's considered VERY BAD.
Are you aware that DBS recently axed 900 people? Of course it
seems like a drastic move to most. And i guess it's pretty serious.
Did they post a loss? It will not come to that stage for GLCs,
which are 1) huge *unlike nobody SMEs or some silly MNC outpost in
Asia 2) conservative *unlike American investment banks.So you prob
think that for such a drastic action for DBS to axe 900 people,
they posted a loss? Of course not. Huge companies backed by govt
never wait for "loss" to react. The L word is taboo. for people who
haven't started working or have never worked for big companies,
they don't know this.
http://www.straitstimes.com/Breaking+News/Money/Story/STIStory_306976.html
DBS also made money this yr, it just posted a 38 per cent drop in
profits. Yet 38 per cent drop is considered very alarming already,
severe enough for them to axe 900 people. that's how big boys
operate.
According to this news report, hmmmm,
http://www.businesstimes.com.sg/sub/companies/story/0,4574,310140,00.html
"SIA
reported its biggest slump in traffic in more than five years as a
global recession cuts travel demand. Passenger numbers slid 6.1 per
cent last month to 1.54 million.
That's the biggest drop since a 7.6 per cent decline in August
2003
SIA's traffic has declined in two of the past three months as
financial firms cut business travel and people cancel leisure
trips. Global air traffic will decline 3 per cent next year, the
first drop since 2001, the International Air Transport Association
has said. The airline gained 0.2 per cent to $11.06 in trading
yesterday. The shares have declined 36 per cent this
year."
If you want to wait for SIA to post an actual loss before
you find out the truth about commercial airline pilot pay, its just
holding on to a broken dream.
