Retrenchment 500+ staffs

[jwong71]

Relocating out of singapore. 500+ staff retrench.

http://www.channelnewsasia.com/mobile/singapore/hgst-singapore-lays-off/935194.html?cid=FBSG

[zzz1]

what a way to celebrate new year....:money-faced1:

[4wheels]

well! there are companies that need to relocate to lower labour cost countries. Part of the developed countries cycle!

[minority]

This is sunset business its writing on the wall. I think venture will be eventually out of Singapore. Coz production manufacture is sunset biz.

[jwong71]

well. We have less 532 paxs to rent out the flats, condos and landed.


Will it kick start a follow up from other companies too..?

[minority]

majority are production operators. at most impact some low end hdb rentals..