All about retrenchment

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starlight1968sg
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Re: All about retrenchment

Post by starlight1968sg » Sat Jun 11, 2016 1:37 pm

Retrenchment carried out in 'a responsible, transparent and sensitive manner': RWS
http://www.channelnewsasia.com/news/sin ... 62622.html

Hope21
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Re: All about retrenchment

Post by Hope21 » Sat Jun 11, 2016 4:53 pm

Dirty ticks to say goodbye to old staffs:
-This month retrench staffs then the next month employ younger cheaper staffs.Now we need people again.
-Transfer staffs to another subsi company, all benefits restart. If retrench these staff no need to pay as much.
-Make retrench staffs sign resignation letter, so no need to pay retrenchment benefits.

raysusan
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Re: All about retrenchment

Post by raysusan » Tue Jun 21, 2016 12:03 pm

Hope21 wrote:Dirty ticks to say goodbye to old staffs:
-This month retrench staffs then the next month employ younger cheaper staffs.Now we need people again.
-Transfer staffs to another subsi company, all benefits restart. If retrench these staff no need to pay as much.
-Make retrench staffs sign resignation letter, so no need to pay retrenchment benefits.
sounds very familiar

janet88
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Re: All about retrenchment

Post by janet88 » Wed Jun 22, 2016 9:39 am

Hope21 wrote:Dirty ticks to say goodbye to old staffs:
-This month retrench staffs then the next month employ younger cheaper staffs.Now we need people again.
-Transfer staffs to another subsi company, all benefits restart. If retrench these staff no need to pay as much.
-Make retrench staffs sign resignation letter, so no need to pay retrenchment benefits.
heard this happening several times.

MMM
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Re: All about retrenchment

Post by MMM » Wed Jun 22, 2016 9:54 am

What I hope to see is government mandate the minimum compensation for retrenchment.

So far the company that I worked for have been rather ethical and compensation is usually 1 month for 1 year of service. There is usually a cap on max. number of years.

But recently, I heard of 1 week for 1 year of service as the company mentioned that there is no legal requirement in Singapore to pay retrenchment. So 1 week is already considered as goodwill.

There are a couple of countries in Asia pac region that mandates retrenchment benefits so why not Singapore.


janet88
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Re: All about retrenchment

Post by janet88 » Wed Jun 22, 2016 9:58 am

if only the union here is very strong to protect employees. hubby said the union in France is very strong and it is almost impossible for companies to fire. his counterparts there are easily in their late 50s to early 60s.

ptb7476
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Re: All about retrenchment

Post by ptb7476 » Wed Jun 22, 2016 10:40 am

janet88 wrote:if only the union here is very strong to protect employees. hubby said the union in France is very strong and it is almost impossible for companies to fire. his counterparts there are easily in their late 50s to early 60s.
the union here cant make it .. at least for the industry i'm in

when i still with ex company .. every year increment ..they claimed credit they did their very best that is why we get 3% increment :siao:
and when retrenchment exercise ..again they claim they fought well so less people got axed ..no idea how true

my current company also going through same exercise now ..and it is 1 month 1 year .. with max at 12 years service so those who worked more than 5 years all :xedfingers: pleas plesae be me lolz

zbear
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Re: All about retrenchment

Post by zbear » Wed Jun 22, 2016 10:44 am

janet88 wrote:if only the union here is very strong to protect employees. hubby said the union in France is very strong and it is almost impossible for companies to fire. his counterparts there are easily in their late 50s to early 60s.

Management staff are generally not unionized so it's difficult to fight for good retrenchment benefits.

Depending on the retrenched employee job performance n the financial state of the company, companies will generally give 1 month for 1 year service.

If able to get 1 month for 1 year of service is considered very lucky.

floppy
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Re:

Post by floppy » Wed Jun 22, 2016 10:57 am

ApronMama wrote:
kiasimom wrote:Hi apronmama,

All the more, it is not logical for the employer to retrench the employee based on request.
I think it depends. For example if a job has been outsourced and instead of lay-off the employee, a mismatch job is given. Hoping that the employee might eventually choose to resign...and so on. Instead of accepting another job, can the employee request for a golden hand-shake?
Unfortunately, that's not a justifiable reason for a golden handshake. The employee can request for one if the company is going through a retrenchment exercise, but no guarantee the employee will get it. Alternatively, the employee just have to suck it up and learn the new skills required.

dolphinsiah
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Re: All about retrenchment

Post by dolphinsiah » Wed Jun 22, 2016 11:03 am

http://www.straitstimes.com/business/co ... tor=CS1-10

Troubled e-retailer Ensogo shuts Singapore operations

Sources say staff told to leave abruptly; Australian-listed firm suspends trading

The online retailer Ensogo has abruptly closed its Singapore operations after its Australian unit hit massive problems back home.

Sources told The Straits Times that staff at the Singapore office in Kallang were told to go home when they arrived for work on Monday morning, with no prior warning given.

"They were chased out of the office and the doors were locked. Employees had been sitting outside the premises since 11am," said a source familiar with the employees.

The website's headquarters are in Singapore although the company is listed on the Australian Securities Exchange (ASX).

Ensogo Singapore used to be known as Deal.com.sg - founded here in 2010 by two Singapore- based Germans - and took on its current name after it was bought by e-commerce platform Ensogo.

The firm told the ASX yesterday that it accepted the resignation of chief executive officer Kris Marszalek, who has been in his position since August 2014, on Monday.

It was also announced that the South-east Asian flash sales and marketplace businesses will be shut down.

Ensogo voluntary suspended trading of its shares yesterday after a trading halt was called last Friday. The shares have fallen from A$3.80 on June 16 last year to 65 Australian cents last Thursday.

The announcement comes after a string of problems.

In March, Ensogo Singapore reportedly laid off 22 of its 96 employees here, mostly from the services team, in a decision made after the firm moved to a marketplace business model from one based on flash sales.

During flash sales, a limited number of products or services are offered at discounted rates for a fixed period of time.

The popularity of such discount sales encouraged copycat websites to mushroom, leading to consumer fatigue, while e-commerce firms like Alibaba began to prosper. In 2014, Deal.com.sg had over a million visits a month and 600,000 people on its mailing list, while rival Groupon had more than two million subscribers.

Last month, Ensogo was hit by angry merchants who posted comments on its Facebook page demanding overdue payments.

Repayment plans were reportedly made and a few merchants received small amounts last month, but it is unclear whether more reimbursements will be made, now that the office here has closed.

The source said: "Ensogo still owes a lot of the small merchants money, and they had made private agreements with them that they will pay in instalments. The first payment is supposed to start in June.

"I know a merchant who has yet to get $80,000 back, and another who is still owed $600,000, but the accountant has been sacked, so it's unlikely that any payment will be issued now."

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