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Panasonic retrenches 700 in S'pore, to shut some manufacturing operations
RiseofAsia

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#31

23-09-2021, 10:19 PM
(23-09-2021, 04:38 PM)Ola Wrote:  Too expensive to operate here caused by PAP-

1. Land lease

2, Building Premiums

3. FWs Levy between $300 to $700 per mth per headcount

4. Locals CPF,  mostly Engineers which is $14,400 per annum per local

5. Quota on FWs but reserving these jobs when we don't want to be factory workers

The worst thing is Sg corporate tax is no longer attractive? Thinking
“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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EXBB

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#32

23-09-2021, 10:26 PM
Retrenchment, imported talents..and outsourcing..no end to pain ..
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Levin

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#33

24-09-2021, 06:53 AM
(23-09-2021, 05:44 PM)ArielCasper Wrote:  The Bedok South factory location is near to bedok central. If sell for residential development, should be able to fetch a good price.

Just checked the map. It occupies a space bigger than Bedok Mall + Hawker Centre + the new HDB flats Bedok Beacon. If converted to residential should fetch a good price.
(This post was last modified: 24-09-2021, 06:53 AM by Levin.)
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ysh02

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#34

24-09-2021, 07:06 AM
Need to convert that area to residential zone than can lah....some more their RD & HQ still there...
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watchfirst9

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#35

24-09-2021, 07:26 AM
(23-09-2021, 06:38 PM)Ola Wrote:  What is the point of bragging that FTAs create good jobs and bringing in $17 Billion investments when it has nothing to do with us.

With this Panasonics case, does that Malaysian man who always brag that he is PSLE Genius understand the whole picture now??


[Image: CCS-17-B-FA-investments-2020.png]

Significant part of 17.2B could be spend on equipment and infrastructure.
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klat

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#36

24-09-2021, 07:44 AM
(23-09-2021, 04:41 PM)NoActionTalkOnly Wrote:  A senior politician once said no retrenchment then worry, correct or not?


He is not worried if sinkees are retrenched, BUT if ceca is retrenched, he not only gets worried, he panicked.
8Umbrella Umbrella
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Ola

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#37

24-09-2021, 05:33 PM
Must be Ghost Month.

After 12 years, PAP do not know what is Prevention is better than Cure? He needs an idiot like Jac Lau with Prim 1 IQ to tell them?

And their LJ inside their skull know what is job matching?

Or they think it is like parachute Army Generals using CCBAI without any right qualifications nor work experience and just mess up the Parliament into a Circus will do??



[Image: Tan-SL-match-Panasonic-Workers-Sept-21.png]
Sack half the Mayors & PAP Ministers
(This post was last modified: 24-09-2021, 05:34 PM by Ola.)
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ysh02

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#38

24-09-2021, 06:16 PM
Aiya they got 9 months to slowly retrench staff mah...1 yr 2 months ?
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RiseofAsia

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#39

24-09-2021, 06:17 PM
Can join the grab delivery Team? Thinking
“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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Ola

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#40

25-09-2021, 12:32 PM
Did the lazy JoTeo and incumbent Tan SL, learn, improve and make changes to adapt?

I was reading articles and in Japan, they give ONE YEAR notice for retrenchment. Their Govt makes it the responsibility of the companies to send the affected workers for training ( in anything and any courses) , apply for welfare. . . .without sending a shock wave.

Cannot blame me for voting a taxi- driver.

One batch of the workers' will have their last day of work on Mar. 31, 2022, and the rest will have their last day on Sep. 30, 2022.
https://mothership.sg/2021/09/panasonic-retrenches-700/
Sack half the Mayors & PAP Ministers
(This post was last modified: 25-09-2021, 12:32 PM by Ola.)
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