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Work It - How do companies decide who to retrench? 

 https://www.channelnewsasia.com/listen/w...022024_cna
(07-02-2024, 09:55 PM)Bigiron Wrote: [ -> ]Work It - How do companies decide who to retrench? 

 https://www.channelnewsasia.com/listen/w...022024_cna

During any retrenchment exercise, the boss' cronies will survive regardless of their performance. The rest - especially the older staff - are fair game.
expensive and low grade ones.
(07-02-2024, 09:55 PM)Bigiron Wrote: [ -> ]Work It - How do companies decide who to retrench? 

 https://www.channelnewsasia.com/listen/w...022024_cna


they have a league table like soccer leagues.............those in the relegation zone will be laid off............. Big Grin
(07-02-2024, 10:08 PM)EvertonDiehard Wrote: [ -> ]During any retrenchment exercise, the boss' cronies will survive regardless of their performance. The rest - especially the older staff - are fair game.

Older staffs with the company for 10+ years wont touch, old staffs less than 3-5yrs .... sure go
(07-02-2024, 11:51 PM)Niubee Wrote: [ -> ]expensive and low grade ones.

No for expensive one and with the company more than 10+ years .... very expensive to retrench
(08-02-2024, 12:41 PM)Tangsen Wrote: [ -> ]Older staffs with the company for 10+ years wont touch, old staffs less than 3-5yrs .... sure go

In other words..like the song...Stuck in the middle..
朋友的旧同事做了20多年被IT公司辞退,原因是技能过时。公司給了他24个月的赔偿金。
之前服务的顾客一听到消息之后,马上提供新的岗位,把这位幸运的人儿拉拢了过去。
被辞退好像是中了马票酱,多好。我也想要  Rolleyes
(08-02-2024, 12:42 PM)Tangsen Wrote: [ -> ]No for expensive one and with the company more than 10+ years .... very expensive to retrench

Employers like Parkway Pantai will force their affected staff to "resign", so there are no retrenchment benefits to be paid. 
(07-02-2024, 11:51 PM)Niubee Wrote: [ -> ]expensive and low grade ones.



My workplace announce retrenchment Phase 1 just now

Even good performers also kena

Because the main Dept gone so the 2nd Dept is no longer needed
From my managerial experience... those mc king. .. not cooperative to help when we need them for O/T and etc..

and lousy work performance first to go...

so this year could be bad,,, work hard to protect yr job.. i believe this round gg to be worse..recession.
(08-02-2024, 05:51 PM)Ola Wrote: [ -> ]My workplace announce retrenchment Phase 1 just now

Even good performers also kena

Because the main Dept gone so the 2nd Dept is no longer needed

This is an exception,,, my company last time retrench also cause they move the operation to shenzhen to cut cost..
(08-02-2024, 04:37 PM)EvertonDiehard Wrote: [ -> ]Employers like Parkway Pantai will force their affected staff to "resign", so there are no retrenchment benefits to be paid. 

You can dun sign …. know your labour law