Banks in Singapore will soon be retrenching staff in large numbers not seen b4
#1

Banks in Singapore will soon be retrenching staff in large numbers.

A record numbers never seen in Singapore Banking history.

Be prepared for the worse.
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#2

Govt will employe than MOM can brag employement increase

But is “ ownself pay ownself “

GST hike who knows after GE increase
Than implement additional taxes along the way

Fyi SG largest employer is Govt not private sectors
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#3

PAP has lesser to boast
Better still DBS closed down all the ah neh infestation problems solved.
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#4

(16-03-2023, 12:26 AM)[[ForeverAlone]] Wrote:  Govt will employe than MOM can brag employement increase

But is “ ownself pay ownself “

GST hike who knows after GE increase
Than implement additional taxes along the way

Fyi SG largest employer is Govt not private sectors

It's going to be rough and far beyond MAS and MOM ability to calm the storm.
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#5

Ya ,many banks go digital no need staff tellers.
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#6

Example Trust bank for their card (debit type) need to top up not by cash but use inter- bank transfer no need Via teller.
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#7

huge bonus for bank employees day are over.
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#8

(16-03-2023, 06:02 AM)ysh02 Wrote:  Ya ,many banks go digital no need staff tellers.

Over banks with very little commercial biz to justify their existence.

No reasons to be in Singapore
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#9

(16-03-2023, 12:22 AM)Scythian Wrote:  Banks in Singapore will soon be retrenching staff in large numbers.

A record numbers never seen in Singapore Banking history.

Be prepared for the worse.

More are going to be unemployed..............now they have to compete with FTs for bank jobs..... Big Grin
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#10

(16-03-2023, 07:58 AM)debono Wrote:  More are going to be unemployed..............now they have to compete with FTs for bank jobs..... Big Grin

Inevitable..

Unless working for GIC and Temasek holdings
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#11

(16-03-2023, 06:02 AM)ysh02 Wrote:  Ya ,many banks go digital no need staff tellers.

The smelly cecas are not in teller jobs.  They are in IT and financial areas earning about $15k to $20k monthly. Keep the local tellers earning $2k to $3k and sack the cecas Big Grin

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#12

(16-03-2023, 07:49 AM)Scythian Wrote:  Over banks with very little commercial biz to justify their existence.

No reasons to be in Singapore

Go to Australia better meh?  Rotfl
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#13

Scythian indiscriminately whacks everything Singaporean. He should try to focus Big Grin

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#14

(16-03-2023, 08:13 AM)p1acebo Wrote:  Scythian indiscriminately whacks everything Singaporean.  He should try to focus Big Grin

His eyes are covered by the word Singapore. Difficult to focus.  Laughing
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#15

Today ST said Layoff's in Singapore up in Q4.....tech cuts fewer than others.....so which areas they cut most ?
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#16

(16-03-2023, 08:17 AM)winbig Wrote:  His eyes are covered by the word Singapore. Difficult to focus.  Laughing

Singapore is my country.
I love Singapore.

Obviously, I want Singapore to be the best in everything.
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#17

(16-03-2023, 08:23 AM)ysh02 Wrote:  Today ST said Layoff's in Singapore up in Q4.....tech cuts fewer than others.....so which areas they cut most ?

Banking and financial sector will be the worst hit..

Strongly expecting half dozen banks closure in Singapore..
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#18

all my money in one bank
how
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#19

PAP may draw reserves again to help them, similar to HSK drawing reserves to help SIA & tourism during pandemic.

疫苗可以不打, 手枪一定要打!
疫苗可以不注射, 精子一定要远射!
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#20

(16-03-2023, 06:02 AM)ysh02 Wrote:  Ya ,many banks go digital no need staff tellers.

But still long human q outside banks leh...
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#21

dont worry MOM Fake unemployment rate still low

it is a good sign

https://stats.mom.gov.sg/Pages/Unemploym...Table.aspx
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#22

With major banks in US, EU and London suffering , Singapore cannot escape
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#23

Time for big spring cleaning, to clear away the foreign trashes. Rotfl
Keep Sg population to below 5 millions…

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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#24

gd lets see how pap can handle if ever happen again a deep recession on the way beos increase gst increase taxes import more ft to srteal our ricebowl,
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#25

Really. When all their reports report record profits record pay ....
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#26

(16-03-2023, 12:38 PM)red3 Wrote:  Really. When all their reports report record profits record pay ....

like keppel corruption prop up GDP still very high 

ponzi scheme record profits
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#27

(16-03-2023, 12:38 PM)red3 Wrote:  Really. When all their reports report record profits record pay ....

US Fed funds rate was near zero but it's 4.58% now.
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#28

Don’t anyhow spread rumours many banks still running smoothly in Singapore.
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#29

(16-03-2023, 09:30 AM)ODA TETSURO Wrote:  PAP may draw reserves again to help them, similar to HSK drawing reserves to help SIA & tourism during pandemic..


HSK knows SIA will bring in tourists once pandemic is over.Support own industry never wrong.
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#30

(16-03-2023, 09:30 AM)ODA TETSURO Wrote:  PAP may draw reserves again to help them, similar to HSK drawing reserves to help SIA & tourism during pandemic.


I recall some money was spent to bail out Deutche Bank a few years ago. Wonder if any agreement benefitted us or the Govt.
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