Retrenchment hits me

lce SG

welcome to the real world, seems no one is indispensable unless u have the might

Obsession Kills - turnin a hobby into a money making goal is a difficult task as 1 needs to condition the mind to focus monetary gains

I have only seen 2 types of ppl that make money out from stocks - 1 tat sticks to the TV screen n another 1 with insider infomations, maybe the 3rd type but not met 1 yet - lucky ppl

wish u luck

charlize SG

welcome to the real world, seems no one is indispensable unless u have the might

Obsession Kills - turnin a hobby into a money making goal is a difficult task as 1 needs to condition the mind to focus monetary gains

I have only seen 2 types of ppl that make money out from stocks - 1 tat sticks to the TV screen n another 1 with insider infomations, maybe the 3rd type but not met 1 yet - lucky ppl

wish u luck

Very easy.

Make long term investments.

Say for the next 100 years.

Rock^Star SG

Retrenchment happened to my father when he was 50. And he could no longer find another job with the same pay. So he went overseas and contributed to the GDP of two other countries for another good 11 years. I can tell you there are thousands others like my dad who wouldn't settle for less by remaining in sg.

It's weird here.....u get older, the more worthless you are. One can think of adjunct teachers from MOE who have "gotten on in age" and are asked to downgrade to contracts with much lower pay.

Old is gold. Old does not mean useless. These are the very seniors who train the younger generation to take over the reins.

Fcukpap SG

my dad was retrenched when i was still 1st year undergraduate in NUS.....it has affected me not because he lost his economic support....but he lost himself into bouts of depressions, alcoholism and self-worth...and having to carry him on my back when he was dead drunk on the street...but i have never given up on him....working part time and study

he taught me what life is without money which is the sole motivating factor for me to goad on through my current success....

but most importantly, he taught me the value of bonding in times of hardship which is more valuable to any material means...

hyom SG

Hello everyone,

I am the writer of the article http://help-your-money.blogspot.com/2011/12/retrenchment-hits-me.html

I am quite surprised that someone would pick up on my retrenchment post and post it on this forum.

While retrenchment is a depressing thing, it need not end badly. It gives a person plenty of time to step back and think and who knows what useful thing will come out of it? I work in an industry with poor prospects. When a person works diligently but still ends up with a failure outcome and he is surrounded by people suffering the same fate, he is probably in the wrong place. When you know you are in the wrong place at the wrong time, getting kicked out of it cannot be too bad a thing :)

This is not the first time I am retrenched. Speaking from experience, my advice to those who have never been retrenched is to keep an emergency cash reserve to prepare for this event, particularly those working in the tech sector where things change at a very fast pace. With a strong cash reserve, at least one can continue to meet family obligations during the down period.

Rock^Star SG

Hello everyone,

I am the writer of the article http://help-your-money.blogspot.com/2011/12/retrenchment-hits-me.html

Thanks so much for sharing your life experiences. Not sure if you have heard of this website before: www.transitioning.org .　It's a website by Gilbert Goh, who himself was retrenched before and is now helping fellow Sgporeans who have met the same fate, cope. Cheers.

charlize SG

Very scary.

Looks like many people will be retrenched at least once in their whole working life because economic cycles are getting shorter and shorter.

We have had 3 serious downturns since 1998.

1 more coming up next year.

Demon Bane SG

I think the economy does not change much but its the companies that decide to downsize staff ....its not that they are losing $....but they still retrench staff to upsize profits...

B Ming SG

I was also retrenched 2 months ago. The day after I joined, my co lost a big customer. The stupid co decided to retrench the new comers and keep the foreigners, who have become PRs.

I have been for few interviews thereafter. No sucess. Nowadays co prefers hiring foreigners, complaining about fussy Singaporeans. I travel 1..5 hrs, 2x, in the midst of heavy downpour to the companies for interviews but being treated like a beggar, interviewed by foreign workers who cannot speak proper English. Some interviewers even pass remarks at my age.

Yes, electronics and supporting industries are moving out

Rock^Star SG

Would you care to disclose your age and last industry you were in?

Hitman Factory 1 SG

I was also retrenched 2 months ago. The day after I joined, my co lost a big customer. The stupid co decided to retrench the new comers and keep the foreigners, who have become PRs.

Yes, electronics and supporting industries are moving out

i bet it would be different if u came with an armani suit and gucci necktie......and a gold ring with a ruby.

Fcukpap SG

.....even recruiters are hiring foreigners to conduct interviews...is within prediction....and the quality of these foreign recruiters are usually not on par as they were similarly recruited due to their cheap labour ....and their keeness to get a job in singapore.....

and perhaps these foreign recruiters would even give priorities to their own fellow foreign frens who are just like them ...dying to get a job in singapore .....these may mean our locals are facing unprecedented threats....

MOM should conduct investigations on these companies and structure due diligence on the hiring process to ensure the quality of recruiters as well as checking that they do not biased locals for foreigners on the basis of cheaper labour....

these would also mean singapore labour market would be degraded in terms of quality and professionalism...

Rock^Star SG

i bet it would be different if u came with an armani suit and gucci necktie......and a gold ring with a ruby.

Oh not busy at your tua pow factory, got time to come here and post rubbish ah? lol

Darkness_hacker99 SG

There are a lot of forumers in sgForums is 臥虎藏龍.

Hitman Factory 1 SG

Oh not busy at your tua pow factory, got time to come here and post rubbish ah? lol

closed factory for the day.

Hitman Factory 1 SG

There are a lot of forumers in sgForums is 臥虎藏龍.

u know...mammoths were still around i think when chinese charactors came out.

charlize SG

Times are bad.

Haiz.

Demon Bane SG

Go find another job lor...its not difficult to get jobs that are less than S$3K....if you want more, can be very difficult....highly competitive....

charlize SG

Go find another job lor...its not difficult to get jobs that are less than S$3K....if you want more, can be very difficult....highly competitive....

$3K?

Cleaning jobs pay so much?

Demon Bane SG

Have job better than no job....

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