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2017! Are we in recession?


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Hypersonic

marlboro tan strikes again

 

draw too high pay which raided the company reserves?

 

 

Edited by Enye
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Singapore Airlines (SIA) is offering a scheme for its cabin crew to go on voluntary no-pay leave (VNPL) for three months starting from September to address a “temporary crew surplus situation”. 
03 Aug 2017 11:50PM (Updated: 04 Aug 2017 12:41AM)
 
In an emailed statement on Thursday night (Aug 3), SIA confirmed that it is rolling out the voluntary scheme to its 8,200 cabin crew.
 
It added that having temporary surplus or deficits in cabin crew numbers is "not unusual" due to the nature of its business.
 
The national carrier said that the purpose of the scheme is to ensure the airline efficiently manages crew resources and operational requirement.
 
According to a report by TODAY, SIA sent a notice to its crew this week announcing the introduction of the VNPL scheme for the ranks of Chief Steward/Stewardess and Flight Steward/Stewardess. 
 
SIA has four ranks of crew, in ascending order of seniority: Flight Steward/Stewardess, Leading Steward/Stewardess, Chief Steward/Stewardess and In-Flight Manager, the report said, quoting a company spokesperson.
 
SIA reportedly told its cabin crew that the VNPL was a measure the airline would take "from time to time" to better manage crew resources. 
 
The airline's CEO Goh Choon Phong said in June that SIA may cut jobs as part of a business review after swinging to a S$138 million net loss in its fourth quarter. 
 
Mr Goh added that the SIA staff were aware a reduction of headcount was possible under the review process.
 
The S$138 million net loss was a stark contrast to the S$225 million net profit the SIA group reported in the fourth quarter of the previous financial year.
 
Source: CNA/am
 

 

 

 

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No leh. Penthouse EOL already right? I think Playboy also Chapter 11 liao if I'm not wrong

 

I was in Korea staying in a boutique hotel

 

and I saw Penthouse and Playboy channels

 

so they haven't died they just went digital.

 

:D

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I was in Korea staying in a boutique hotel

 

and I saw Penthouse and Playboy channels

 

so they haven't died they just went digital.

 

:D

 

CAn we have those  channels in Starhub ?  please write in to propose lel  [thumbsup]  :D

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CAn we have those channels in Starhub ? please write in to propose lel [thumbsup]:D

So much porn on the internet, free and paid ones and you want StarHub... Lol...
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As i said, we are definitely not out of the woods yet.

 

Some industries are consolidating, others are downsizing.

Overall, i dont see meaningful real growth at all.

 

Inflationary pressures are quite strong.

Ultimately, the low to middle income will lose out again.

average cost of living is higher while the general crowd is not exactly earning more.

 

To the real rich, its just a number.

No real life impact.

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Seems like there is indeed recession going on. My friend just got retrench and he is like in his 20s :/

Recession is when your fren gets retrenched.

 

Depression is when you get retrenched.

 

:D

Edited by Jamesc
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Seems like there is indeed recession going on. My friend just got retrench and he is like in his 20s :/

 

Depends which industry. My ex-colleagues (many of them in their 20s as well) were retrenched in 2014, 2015 and 2016. But you are saying that there is only a recession in 2017?

 

IMO, recession or not as nothing to do with whether one's friend was retrenched. Otherwise I would have said 2014, 2015 and 2016 are recession years.

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