QUOTE(lightwerker @ Jun 13 2015, 04:30 PM)
If dont want risk, join local company. There will be Unions or Government that will protect you.
A few thousand MAS staff (ex-staff?) would disagree with you on that
HP retrench
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Jun 14 2015, 11:21 PM
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Senior Member
5,691 posts Joined: Mar 2006 |
QUOTE(lightwerker @ Jun 13 2015, 04:30 PM) If dont want risk, join local company. There will be Unions or Government that will protect you. A few thousand MAS staff (ex-staff?) would disagree with you on that |
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Jun 15 2015, 10:07 AM
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Senior Member
4,439 posts Joined: Jan 2010 From: Kuala Lumpur |
Anybody know the real story of whats happening in HP Cyberjaya e.g number of ppl getting retrenched, which services / departments will be affected, timelines?
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Jun 15 2015, 10:32 PM
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Junior Member
169 posts Joined: Dec 2012 |
QUOTE(deodorant @ Jun 14 2015, 11:21 PM) oops. that is padan muka case heheQUOTE(cybermaster98 @ Jun 15 2015, 10:07 AM) Anybody know the real story of whats happening in HP Cyberjaya e.g number of ppl getting retrenched, which services / departments will be affected, timelines? Why? u accepted offer with HP?all the best to you I heard HP is closing down cyberjaya and the higher value roles will be relocated back to HP @ Alexandra road in SG. The others no idea go where. Apparently the closing down of Shell gives HP a really really BIG impact. Once Shell account is gone, this will greatly affect their bottom line and they must close down the malaysian team. Not sure if they are moving to India or not, because their other customer is not really that good profit margin anyway. |
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Jun 15 2015, 10:57 PM
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Junior Member
65 posts Joined: Jul 2006 |
HP still calling me for interview wo......a bit worry see all these messages now T.T
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Jun 15 2015, 11:24 PM
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Senior Member
609 posts Joined: Jun 2012 From: Small Town, Segamat =) |
QUOTE(lightwerker @ Jun 13 2015, 05:30 PM) Always remember, European and US company when they said CUT means CUT. So if u join them because of High Pay, be prepared for the RISK. If dont want risk, join local company. There will be Unions or Government that will protect you. Or join asian companies especially Singaporean firms I hardly hear them simply fire ppl. To be exact, it is those public listed firms that normally NEED to cut down people. Why? Because they have pressure from investors. Investors will drill down into the performance of each business units, they will ask the BOD to cut if necessary to protect their gain. Yes, their BOD and the rest of the C-level's interest is not on you, is on whether they can satisfy the investor to throw in MORE money next year. Yes, ASIAN companies deem to be more compassionate, look at ***Wei. They dont really cut people at all. Those bising ones are those who under-performed, and which in turn didnt get their INDIVIDUAL performance bonus at year end. Like what most Asian boss says, "if you can bring in 1 million, theres no reason why i cannot give you half a million. But, the question to you is, can you bring in 1 million? Can or cannot?" If you can perform, what is there to cut???? Those private limited company don't simply cut people, they do not have investors to pressure them in reducing CAPEX and OPEX. |
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Jun 16 2015, 08:56 PM
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Junior Member
169 posts Joined: Dec 2012 |
QUOTE(cannyeo @ Jun 15 2015, 11:24 PM) Like what most Asian boss says, "if you can bring in 1 million, theres no reason why i cannot give you half a million. But, the question to you is, can you bring in 1 million? Can or cannot?" If you can perform, what is there to cut???? Well, apparently my angmoh boss told me this. so not only asian will say this ok.Those private limited company don't simply cut people, they do not have investors to pressure them in reducing CAPEX and OPEX. |
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Jul 1 2015, 08:32 PM
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Junior Member
41 posts Joined: Oct 2014 |
i remembered bringing in 1 million worth of debts for 2 consecutive months and only get 0.05% commission. aih~
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Sep 20 2015, 02:29 PM
Show posts by this member only | IPv6 | Post
#28
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Junior Member
34 posts Joined: Jun 2013 |
It's very simple, if you're a high performer/key talent in an MNC or Private Organization, they will not axe you...Even if your position is going to be made redundant, the company will try to move you to another position or another department unless the whole company is shutting down, then different story.
Large MNC's normally value their High Potential's as these people are hard to come by...So in conclusion, be an outstanding employee, then you have no worries of being axe'd...only be prepared to be looked upon in jealousy and hatred by your colleagues la |
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Sep 20 2015, 10:12 PM
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Senior Member
1,587 posts Joined: Apr 2011 |
QUOTE(Ruskyjalapeno13 @ Sep 20 2015, 02:29 PM) It's very simple, if you're a high performer/key talent in an MNC or Private Organization, they will not axe you...Even if your position is going to be made redundant, the company will try to move you to another position or another department unless the whole company is shutting down, then different story. not quite true actually, especially in the case of US based MNCsLarge MNC's normally value their High Potential's as these people are hard to come by...So in conclusion, be an outstanding employee, then you have no worries of being axe'd...only be prepared to be looked upon in jealousy and hatred by your colleagues la US capitalists led companies will tell you that the interest of shareholders and investors will always be above all else, Shell moving IT ops from Cyberjaya to Banglalore is one good example, they don't care if those Indians are any better than locals, as long as it is proved to be able to trim down costs in the long run. trim costs = profit figures up = BoD, investors, shareholders happy = CEO contract get to renewed for 2nd term, this shit is happening everywhere la This post has been edited by PhakFuhZai: Sep 20 2015, 10:12 PM |
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Sep 21 2015, 12:26 PM
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Senior Member
11,554 posts Joined: Aug 2009 |
QUOTE(PhakFuhZai @ Sep 20 2015, 10:12 PM) not quite true actually, especially in the case of US based MNCs Shell are owned by Europeans and all the senior senior posts will be holding by European only.US capitalists led companies will tell you that the interest of shareholders and investors will always be above all else, Shell moving IT ops from Cyberjaya to Banglalore is one good example, they don't care if those Indians are any better than locals, as long as it is proved to be able to trim down costs in the long run. trim costs = profit figures up = BoD, investors, shareholders happy = CEO contract get to renewed for 2nd term, this shit is happening everywhere la They are moving from Malaysia as Petronas already stretching their hands to Shell's senior post, have to know that, now Petronas still hiring new joiners and at the same time, it is way over manpower. So to have new joiners have a post in Petronas, those senior staffs has to be moved somewhere. Last time Shell's engineer post are mostly Europeans, now we can hardly see. So moving to India that won't be applying such racial policy is a nice place for Shell. |
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Sep 21 2015, 08:47 PM
Show posts by this member only | IPv6 | Post
#31
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Junior Member
34 posts Joined: Jun 2013 |
QUOTE(PhakFuhZai @ Sep 20 2015, 11:12 PM) not quite true actually, especially in the case of US based MNCs Moving IT Ops from Cyberjaya to Bangalore doesn't necessarily mean everyone is canned. The move is because they have already long identified Bangalore as their IT HUB together with Amsterdam and Houston. It was only a matter of time before they relocated. The HP contractors on Shell accounts will be the first to go la but the option to relocate on local package for high performing permanent Shell staff is offered but it would be up to them to take it la. Local 2 Local package is normally garbage as the most you get is 1 year assisted living (company support) to which after that you have to bear everything on your own. US capitalists led companies will tell you that the interest of shareholders and investors will always be above all else, Shell moving IT ops from Cyberjaya to Banglalore is one good example, they don't care if those Indians are any better than locals, as long as it is proved to be able to trim down costs in the long run. trim costs = profit figures up = BoD, investors, shareholders happy = CEO contract get to renewed for 2nd term, this shit is happening everywhere la This is because at the end of the day, in addition to cost savings, HODs must also justify why high potential identified employees are also leaving. Therefore they have to make at least some justifiable move that they tried to salvage them but to no avail. Also, mind you that many high potentials are normally very much favoured by top management which makes them much harder to dispense off. Politics again comes into play here. |
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Sep 22 2015, 01:44 PM
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Junior Member
322 posts Joined: Sep 2007 |
The news has already came out quite a while. I remember I read it on a newsportal before.
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Sep 22 2015, 02:59 PM
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Senior Member
11,554 posts Joined: Aug 2009 |
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Sep 26 2015, 07:48 AM
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Senior Member
1,699 posts Joined: Jan 2013 |
Keep getting call from hp hr,is it the good time to join now?
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Sep 26 2015, 04:48 PM
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Junior Member
312 posts Joined: Jan 2007 From: Penang |
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Sep 26 2015, 10:25 PM
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Senior Member
11,554 posts Joined: Aug 2009 |
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Oct 4 2015, 03:16 PM
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Junior Member
30 posts Joined: Sep 2015 From: Kuala Lumpur |
With the HP separation later, is now a good time to work in HP as contracts, but under agents (permanent)?
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Oct 4 2015, 03:36 PM
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Senior Member
11,554 posts Joined: Aug 2009 |
QUOTE(syieramilia @ Oct 4 2015, 03:16 PM) With the HP separation later, is now a good time to work in HP as contracts, but under agents (permanent)? Hard to say, only can advise you to brace your self for the worst case, at least for this 1-2 year. Secured a job, don't commit to loan repayment amount of > 20% from your gross income.The job you mentioned a under contract basis, unless your company are serving other companies also then it would be different story. |
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