If you received your 2008
If you get your salary increment and are still currently employed, you are lucky too.
Many large corporate firms worldwide are laying off redundant staff.
Some are reducing the working hours and some are closing down certain outlets, offices or branches. Blame the global financial crisis.
Earlier on, local newspapers reported that there will be about 45,000 job losses after Chinese New Year (CNY) 2009.
These 45,000 are mainly workers from factories and manufacturing companies which had to close down due to low product demand from western countries, especially the
Yesterday, New Straits Times Online reported that there will be another 50,000 to
These 50,000 are civil service contract staff. The reason is ‘it called on the government to be more sensitive to their plight’.
It is sad to know there will be about 95,000 job losses after the Chinese New Year. Especially for those who are not prepared for such a situation.
That is why every working adult must have a sufficient emergency fund.
At least the emergency fund can bring food to the table until the next employment.
It’s never too late to prepare one.
Let’s hope everyone will be able to face the global financial crisis with positive thinking and positive attitudes.
