it was reported in the straits times today that a chip-making giant, AMD retrenched more than 50 of their staff. what is worst is that this is likely to be the first of two rounds of retrenchments.
a technician identified as ravi was one of the employees retrenched and he said:
"it was a very sudden thing, we always thought it would happen to other people and our jobs were safe, but now it's happened to us."
AMD said the retrenchments were part of a global restructuring plan and the exercise aimed at strengthening its competitiveness, and emphasised that singapore remained a vital part of its operations.
my comments:
i can certainly emphatise with mr ravi and those who received their pink slips from AMD yesterday. like what mr ravi opined that he thought his job was safe and it will only happen to others. but in real life, is any job really, really safe?
i remember during my time as a salaried employee, there was always the fear of being retrenched when times were bad.
from that time and fast forward to 14 or more years later, i have never looked back when i decided to leave my full time employment with an american mnc.
and my advice to those who fear being laid out in times of economic uncertainty, perhaps u may wish to consider a career as a financial advisor just like me. although there is no guarantee of success, one of the trade-offs is that there is no one to 'boss' u around especially if u are constantly being 'micro-managed' by your superiors. further more, in terms of being your own boss, u hold the keys to your own pay cheque and the icing on your cake is, there is no mandatory retirement age, although there is a law (kicking in from next year) for employers to re-employ older workers.
No comments:
Post a Comment