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COVID-19: Retrenchments


Albeniz
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1 hour ago, Wind30 said:

Semicon is not affected by Covid. Demand for ICs is probably higher because of Covid. But it is harder to work from home, etc. 

This is evident in y.o.y revenue growth of TSMC.

 

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32 minutes ago, ToyotaShuttle said:

NTUC chief should rightfully be separate from PAP in the first place.

How can you represent labor rights if you are part of the govt? In that case, are you sure you aren't representing the government?

That 1 you have to ask LKY

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42 minutes ago, 13177 said:

Maybe they are recruiting for the new store in JEM?!

Yes. Scroll through the listing quite a few  at jurong.

Probably some bros here might be interested.

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2 minutes ago, ToyotaShuttle said:

Why ask him? Is he still working from the grave?

This is 2020.

He break up the Union then and make union aligned with govt.

Don’t ask him. Ask who?

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1 hour ago, inlinesix said:

He break up the Union then and make union aligned with govt.

Don’t ask him. Ask who?

I thought it is called tripartite, trilateral or tri-layered pyramid... 

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6 minutes ago, Voodooman said:

I thought it is called tripartite, trilateral or tri-layered pyramid... 

I only know Tripitaka. 🤣

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2 hours ago, inlinesix said:

He break up the Union then and make union aligned with govt.

Don’t ask him. Ask who?

That happened in 2020?

Come on la, let's talk about the present and not the past. You mean once he does something, it is forever set in stone and cannot be changed?

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23 minutes ago, ToyotaShuttle said:

That happened in 2020?

Come on la, let's talk about the present and not the past. You mean once he does something, it is forever set in stone and cannot be changed?

Who got balls to change what is set by Ah Gong especially when it is to their advantage?

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On 10/18/2020 at 8:19 AM, Voodooman said:

I know a lot of companies have implemented mandatory no pay leave but across the board paycut is not common yet. 

It looks like the pressure to retrench people is building up quickly.

 

SINGAPORE: Close to S$10 million worth of Jobs Support Scheme (JSS) payouts were denied to 444 employers, either partially or in full, after "unacceptable practices" were observed, said the Inland Revenue Authority of Singapore (IRAS) on Friday (Oct 2).

Some of these practices include employers making the usual amount of CPF contributions to a worker who has been placed on no-pay leave or whose pay has been cut. 

"By making mandatory CPF contributions that are not reflective of the actual wages paid, the employer will receive more JSS payout than he is entitled to," said IRAS.

READ: Extension of Jobs Support Scheme among S$8 billion worth of measures announced by Heng Swee Keat

Some employers were found to have made CPF contributions to individuals who are not their actual employees, or asked workers to return a part of their monthly wage in cash.

These are "fraudulent arrangements", said IRAS, adding that providing personal information to employers to facilitate such schemes may make an individual an accomplice to the fraud.

In cases where employees' monthly pay exceeds S$4,600, some companies were found to have split the wages across business entities in order to circumvent the JSS salary ceiling.

READ: Extending Jobs Support may only delay the inevitable – retrenchments

Four "egregious" cases have been referred to the police for suspected abuse of the JSS.

"These include employers submitting false documents to IRAS to substantiate their eligibility for the JSS," said the tax authority.

EMPLOYERS REVIEWED FOR ELIGIBILITY

The JSS, first announced in February, helps employers retain local workers amid the COVID-19 economic uncertainty by subsidising wages through a cash grant.

IRAS said that the companies with unacceptable practices were identified through its review of close to 2,200 companies for the July payouts. 

This is part of its anti-gaming efforts to ensure that JSS payouts are fairly and correctly disbursed.

"Employers under review would have their JSS payouts withheld until they are able to submit supporting documents to IRAS to verify the authenticity and accuracy of mandatory CPF contributions made," said the authority.

"Their payouts would be adjusted or denied if issues are found during the review, and egregious cases would be referred to the police."

READ: COVID-19 – More than 130 companies return Jobs Support Scheme wage subsidies worth S$97 million

IRAS said it has received documents from and concluded the review of more than 1,400 employers as of end-September. 

To date, close to 50 employers have voluntarily declared incorrect mandatory CPF contributions made for employees, IRAS said.

It added that it has received more than 300 whistleblower reports on employers suspected of abusing the JSS.

Employers who attempt to abuse the JSS may be liable for the offence of cheating, which carries a jail term of up to 10 years and a fine.

Businesses or individuals who wish to report any malpractice related to the JSS may do so online or via email to [email protected].

%%%%%%%%%%%

This is even worst. Thinking they can get away with fraud.

Wonder how many of the 444 companies will have people thrown to jail?

 

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On 10/18/2020 at 8:37 PM, Wind30 said:

Ng Chee Meng? We retrench one already? Maybe ask him to leave ntuc. Why still stay in government sector when you cannot even win election. If any good should go and find a private sector job.

what happen to our previous transport minister?

And we always ask the validity of safety net and what will be the perception of a welfare state.

Probably we should also start to ask for safety net or at least a trampoline for use to bounce back. After all, its what we should look at in the changing landscape instead of fending for ourselves like animals in the stoneages.

What has covid done to help evolve the benefit of a well define legacy of good governance?

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21 hours ago, inlinesix said:

Who got balls to change what is set by Ah Gong especially when it is to their advantage?

It is the last part that is important. Why change something that is to their advantage?Dead man is just an excuse.

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Received this message from Ah Gong

Over 2,800 opportunities are available in the electronics sector 🔌

Almost all job roles offered are for PMETs, such as business development managers, buyers, technicians and engineers. The salary range for the jobs is from $1,800 to $8,500. 

To match jobseekers to these opportunities, Government initiatives such as the Professional Conversion Programmes and SGUnited Mid-Career Pathway Programme are available for individuals to upskill. 

Watch here:

https://www.youtube.com/watch?v=wkDVeu9iWqE&ab_channel=govsg

For job and training opportunities in electronics, head to go.gov.sg/mcfelectronics

For more on the jobs situation, follow us on LinkedIn: go.gov.sg/govsg-linkedin

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Turbocharged

in the past, recession affected almost everyone

cos recession usually accompanied by liquidity crunch, whether it's mass layoffs, or people unwillingly to spend due to uncertain times

but ever since they discover the magic of money printing, things have changed haha

but this is what many govts want, to make people continue to spend, boost the economy and drag the countries out of the recession

it did work in the last recession in 08/09

Edited by Scion
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37 minutes ago, Scion said:

in the past, recession affected almost everyone

cos recession usually accompanied by liquidity crunch, whether it's mass layoffs, or people unwillingly to spend due to uncertain times

but ever since they discover the magic of money printing, things have changed haha

but this is what many govts want, to make people continue to spend, boost the economy and drag the countries out of the recession

it did work in the last recession in 08/09

 

We are perpetual dependants, silver spoon fed,  if i want to sound elegant.

But if i put it crudely and truthfully, we have become addicts, where treatment is continuous dosage instead of the good old cold turkey.

 

Good luck folks

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