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foreign manpower tightening

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ScoobyDoes
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Postby ScoobyDoes » Sat, 05 Jan 2013 12:46 pm

JR8 wrote:Hi Scooby,

Did you forget to include the link to the article?

If so can you repost it please?

Thx!



I was pretty sure I even saw the link in the preview.....but, anyway, good our friend knew where I was coming from. Sergei was so pissed off, he repeated himself but in all honesty I do believe the need for labour here is directly attributed to the push for so called self improvement and mobility.

Korea, I think, is suffering this almost more than anywhere else as the economy has rocketed forward. I believe attitudes in the USA and Europe will now moderate the other way back into getting a workforce rather than merely a nation of bankers and shop keepers. The economic issues clearly indicate these places need to either kickstart or increase manufacturing for their own use.

On that same basis it will take some form of economic crisis here to reverse current trends and until that point the foreign labour will still be a requirement. Any tightening at the moment will force the issue.
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Postby morenangpinay » Mon, 07 Jan 2013 11:50 am

http://www.bbc.co.uk/news/magazine-20756247

i scored 6 ....i need to up my narcissism.

i think for this society, they need more compassion.except compassionate people don't really care for success.

i have read several comments in other forums that singapore can go the way new zealand or korea, etc. Its hard to believe that the locals don't realize that other countries have survived because they have other resources which Singapore does not have.

my question is, why is there no blame on their local unions? shouldnt they be the ones in the forefront bout this issue. why don't they push for minimum wage ? Why is AWARE also getting involved in this when they should be focusing instead on how many women actually get pregnancy leaves or if there are companies displacing women because they are pregnant among other issues?

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Postby the lynx » Mon, 07 Jan 2013 12:11 pm

morenangpinay wrote:http://www.bbc.co.uk/news/magazine-20756247

i scored 6 ....i need to up my narcissism.

i think for this society, they need more compassion.except compassionate people don't really care for success.

i have read several comments in other forums that singapore can go the way new zealand or korea, etc. Its hard to believe that the locals don't realize that other countries have survived because they have other resources which Singapore does not have.

my question is, why is there no blame on their local unions? shouldnt they be the ones in the forefront bout this issue. why don't they push for minimum wage ? Why is AWARE also getting involved in this when they should be focusing instead on how many women actually get pregnancy leaves or if there are companies displacing women because they are pregnant among other issues?


NWC already proposed it mid last year and IIRC, it was pushed away after debates because "if minimum wage is to be implemented, it will increase living cost because everything will become more expensive to pay the employees..."

And we know that living cost issue is already rift among locals.

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Postby earthfriendly » Mon, 07 Jan 2013 12:35 pm

I don't see a good solution for people making the lowest wage i.e. the underclass.

In the US, despite the guarantee of min wage, many still cannot afford to live on their own and several families have to pool their resources to share housing. And when we up the wages, businesses suffer e.g. restuarants increase their price to cover the wages/benefits, less people can afford to eat out and restaurants have problem staying in business. Prices will go up across the board , hotels, car rentals, auto shops....and the domino effects set in. Economy stagnate ???? And many jobs of min wage do not come with benefits like health insurance.

I think the best way to up the standard of living for everyone is to increase productivity and achieve efficiency.

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Postby morenangpinay » Mon, 07 Jan 2013 3:36 pm

well i get it now. but what Im saying is they're obviously using the foreigners as scapegoats.

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Postby Wd40 » Tue, 12 Feb 2013 12:06 pm

Barclays is announcing its results today and I am watching is very keenly. Barclays has big operation in Singapore and their its widely expected that they are going to announce some huge layoffs and cut off entire business lines, particularly in Asia. This is of particular interest for Singapore.

http://news.efinancialcareers.com/sg-en ... b-diamond/

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Postby Sergei82 » Tue, 12 Feb 2013 12:58 pm

Wd40 wrote:Barclays is announcing its results today and I am watching is very keenly. Barclays has big operation in Singapore and their its widely expected that they are going to announce some huge layoffs and cut off entire business lines, particularly in Asia. This is of particular interest for Singapore.

http://news.efinancialcareers.com/sg-en ... b-diamond/

And how come recruiters are still attacking me and people I know with lots of job openings in Barclays - immediately permanent, AVP, 12 K/month???

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Postby nakatago » Tue, 12 Feb 2013 12:59 pm

Sergei82 wrote:
Wd40 wrote:Barclays is announcing its results today and I am watching is very keenly. Barclays has big operation in Singapore and their its widely expected that they are going to announce some huge layoffs and cut off entire business lines, particularly in Asia. This is of particular interest for Singapore.

http://news.efinancialcareers.com/sg-en ... b-diamond/

And how come recruiters are still attacking me and people I know with lots of job openings in Barclays - immediately permanent, AVP, 12 K/month???


Left hand doesn't know what the right is doing?

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Sergei82
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Postby Sergei82 » Tue, 12 Feb 2013 1:21 pm

Wd40 wrote:Barclays is announcing its results today and I am watching is very keenly. Barclays has big operation in Singapore and their its widely expected that they are going to announce some huge layoffs and cut off entire business lines, particularly in Asia. This is of particular interest for Singapore.

http://news.efinancialcareers.com/sg-en ... b-diamond/

And how come recruiters are still attacking me and people I know with lots of job openings in Barclays - immediately permanent, AVP, 12 K/month???

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Wd40
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Postby Wd40 » Tue, 12 Feb 2013 1:25 pm

Sergei82 wrote:
Wd40 wrote:Barclays is announcing its results today and I am watching is very keenly. Barclays has big operation in Singapore and their its widely expected that they are going to announce some huge layoffs and cut off entire business lines, particularly in Asia. This is of particular interest for Singapore.

http://news.efinancialcareers.com/sg-en ... b-diamond/

And how come recruiters are still attacking me and people I know with lots of job openings in Barclays - immediately permanent, AVP, 12 K/month???


Recruiters are attacking you may be because of your high in demand skill. I am talking about the market in general.

Barclays currently is the only bank hiring decent number in permanent payrolls, in Singapore. But my fear is after today's result announcement, which will also have the future strategy rolled out, the scenario may change. If they do make a hiring freeze in Singapore, it will be major setback for Banking/IT job seekers in Singapore.

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Sergei82
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Postby Sergei82 » Tue, 12 Feb 2013 1:59 pm

Hiring freeze? So what? They do hiring freeze in Singapore every year recently, and then lift it anyway. If they freeze, people in search will switch to SCB, not a big deal!

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Wd40
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Postby Wd40 » Tue, 12 Feb 2013 2:06 pm

SCB??? Have you seen the skills required in some of their job ads? I sometimes wonder is that for 1person or the whole team :lol:

They need a java developer , a database developer, a dot net developer and a whole host of technologies in 1 person. :x

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Sergei82
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Postby Sergei82 » Tue, 12 Feb 2013 2:12 pm

I'm not interested in Java, .NET and db. I have different job descriptions.
For what you've said about skills, who pays attention? You also take a look at "towel attendant" job description in California Fitness. He/she should be passionate, with good team spirit and communication skills. When actually I just need to get a towel when I come, no need to give it to me with passion, moreover no need to engage the whole team in doing this!

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Wd40
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Postby Wd40 » Tue, 12 Feb 2013 3:00 pm

Sergei82 wrote:I'm not interested in Java, .NET and db. I have different job descriptions.


Thats why you are getting calls and so confident. But the rest of code monkeys like me are not that fortunate.

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Sergei82
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Postby Sergei82 » Wed, 13 Feb 2013 9:35 am

Barclays cuts, but not as mush as CS, Citi and UBS though.

Barclays cutting at least 3,700 jobs
http://www.cbsnews.com/8301-505123_162-57568869/barclays-cutting-at-least-3700-jobs/

Barclays recorded a loss of 236 million pounds ($368 million) for 2012 against a net profit of 3.9 billion pounds for 2011.


http://www.bbc.co.uk/news/business-21423691
Of the job cuts, 1,800 will come from its corporate and investment banking, with the vast majority in Asia, and 1,900 will come from its European retail and business banking.


Can anybody find anything clear on SCB? Or they haven't announced their results yet?


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