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RWS lays off staff as Covid19 measures

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abbby
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RWS lays off staff as Covid19 measures

Post by abbby » Thu, 16 Jul 2020 9:11 am

Understand they have about 7,000 staff and about 2,000 could have been retrenched. Even such a big organisation's not spared. This is shocking to know.

https://www.channelnewsasia.com/news/si ... 9-12934352
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Re: RWS lays off staff as Covid19 measures

Post by PNGMK » Thu, 16 Jul 2020 9:40 am

It's just the beginning I think. We will seen 100,000's of retrenchments this year and next as the big employers give up (the small ones already have). The only safe job now is in govt or essential business. Recreation is at the bottom of the pile.
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Re: RWS lays off staff as Covid19 measures

Post by tt1973 » Thu, 16 Jul 2020 4:39 pm

Yes, this is the beginning. When the gov supports end this month, the employers will start to retrench.

Coincidentally, this news comes just after the GE, go ponder!

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Re: RWS lays off staff as Covid19 measures

Post by PNGMK » Thu, 16 Jul 2020 7:04 pm

tt1973 wrote:
Thu, 16 Jul 2020 4:39 pm
Yes, this is the beginning. When the gov supports end this month, the employers will start to retrench.

Coincidentally, this news comes just after the GE, go ponder!
I expect the gov will extend support....
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
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Re: RWS lays off staff as Covid19 measures

Post by tt1973 » Fri, 17 Jul 2020 2:24 pm

PNGMK wrote:
Thu, 16 Jul 2020 7:04 pm
tt1973 wrote:
Thu, 16 Jul 2020 4:39 pm
Yes, this is the beginning. When the gov supports end this month, the employers will start to retrench.

Coincidentally, this news comes just after the GE, go ponder!
I expect the gov will extend support....
I doubt there is anymore support, let's see ... GE over, no more carrots

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abbby
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Re: RWS lays off staff as Covid19 measures

Post by abbby » Fri, 17 Jul 2020 4:45 pm

Once Govt subsidies end, you'll start seeing mass retrenchments, the subsidies are only a delay for retrenchments. There's a prediction that next is MBS, which more than 10,000 staff. I mean who can endure minimal business and supporting 10,000 staff.
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Re: RWS lays off staff as Covid19 measures

Post by bgd » Fri, 17 Jul 2020 5:05 pm

Also cabin crew. If you aren't flying then there is much point in continuing to pay you.

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