Surviving
Seagate to pull out of Singapore? and enlarge production in china
Seagate Technology LLC (NASDAQ: STX | Quote | Chart | News | PowerRating) will move its Singapore-based factory to China in 2010, as an effort to cut manufacturing costs and raise profitability, according to Banseng Teh, the hard disk giant’s manager director for Asia Pacific sales.
The Singapore factory will be closed next yearend, with its [...]
UPDATE 1-Third of RBS Coutts staff in Singapore quit
* Some of the staff joining Swiss bank BSI – sources
* Two top RBS Coutts executives left few months back -sources
* BSI building its Asian business
(Adds details of Coutts bankers joining BSI)
LONDON/SINGAPORE, Oct 13 (Reuters) – A third of the staff of the Singapore office of RBS Coutts, a private bank that is part of [...]
Singapore’s Jobless may rise
SINGAPORE’S unemployment will stay up for some time, even as the economy has decisively emerged from its worst recession and started to grow again.
Sounding a note of caution, Prime Minister Lee said in the short term, the jobless rate may well rise above the second quarter’s 3.3 per cent.
‘This is because unemployment numbers tend [...]
Singapore’s Jobs Credit Scheme to be extended for 6 months on stepped-down rate
Breaking News
Singapore’s Jobs Credit Scheme to be extended for 6 months on stepped-down rate; 1st payment in January 2010 based on 6% of workers’ salary, 2nd payment in April on 3% of salary
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SINGAPORE: The Singapore government has announced that it will extend the year-long Jobs Credit Scheme, which was supposed to end in December, by [...]
One Third of RBS Coutts staff in Singapore quit in mass resignation
Oct 13 (Reuters) – A third of the staff of the Singapore office of RBS Coutts, a private bank that is part of the Royal Bank of Scotland (RBS.L) (RBS), have quit in a mass resignation, the bank said on Tuesday.
A spokesman for RBS confirmed a story in the Financial Times that 20 key managers [...]
BREAKING: RBS Coutts Staffs in Mass Resignation
story from financial times:
RBS Coutts, the international arm of the UK private bank, is scrambling to rebuild its flagship Singapore office after the mass resignation of one-third of its staff in the city-state.
The surprise departures include about 20 key managers, as well as 50 or so support staff, some of whom built up lucrative private [...]
Pay holds steady for some diploma, degree graduates
SINGAPORE: While polytechnics and the government are rolling out schemes to help fresh graduates get by in the tight job market, one survey presents another picture: More than 50 per cent of companies are hiring fresh diploma and degree graduates, with salaries at least in some sectors holding steady.
These are engineering, IT and telecommunications, finance [...]
Manpower minister urges employers & workers to stay flexible, positive
Stay positive, stay flexible and stay together – that’s how Singapore’s government, labour movement and employers’ federation will weather the global economic downturn.
The annual dialogue brought together key players from Singapore’s tripartite partnership.
One participant said he had no need to send his workers to the national skills upgrading scheme, SPUR, and asked if the subsidies [...]
12,000 SIA staff to take 10% pay cut after carrier posts loss in Q1
An estimated 12,000 non-management staff at Singapore Airlines (SIA) will take a pay cut of 10 per cent for at least three months starting from August 1.
This comes after the carrier posted a S$271 million loss at the company level in the first quarter.
As a group, SIA’s net loss was S$307.1 million for the three [...]
No bonuses for Temasek staff
THE entire staff of Temasek Holdings are taking personal financial hits, with annual bonuses likely to be slashed in the wake of the investment firm’s losses over the past year.
Part of every Temasek employee’s bonus goes into a pool that is paid out over a number of years rather than at the end of each [...]
