[klat]

Singapore employee dedicated 20 years to company, but boss hands ultimatum: retrenchment or 50% pay cut

ByYoko Nicole
FEBRUARY 20, 2025

https://theindependent.sg/singapore-empl...0-pay-cut/

[Scythian]

Ofcoz, best option is taking 50% pay cuts then, starts looking for another job rather than jobless.

Common sense,: a bird in hand worth 2 in the bush

Thinking the present and not into the future.

[wulala]

depend on the retrenchment benefits, 20 years service if 1 year for 1 month, take and go. Reason simple, 1) Take, immediately get a lump sum of 1yr 8mths pay in advance. 2) Stay, have to work for another 3 yrs and 4 mths just to get the same amount after 50% pay cut. Its a no-brainer math.