For the past few months, millions of workforce were out of work worldwide. Even those huge and reputable business owners are practising retrenchment, not to mention those smaller and fresh business owners. They said it’s a difficult decision but still need to be done. It’s a difficult decision for the employer but what about those affected employees? […]
Financial Crisis – Why Retrenchment Should Be The Last Option Read More »
The Star Online published on 29 Jan 2009 that according to The Malaysian Employers Federation (MEF), 10,000 Malaysians have lost their jobs since Jan 1. And more are expected to lose their jobs as companies are trying to keep themselves afloat. Outside of Malaysia, on 28 Jan 2009, The Star Online reported that 80,000 loose
If you received your 2008 year-end bonus from your employer, you are considered lucky. 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.
The 2008 Year End Bonus vs Global Financial Crisis Read More »
