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 HP retrench

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deodorant
post Jun 14 2015, 11:21 PM

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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 tongue.gif
cybermaster98
post Jun 15 2015, 10:07 AM

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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?
lightwerker
post Jun 15 2015, 10:32 PM

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QUOTE(deodorant @ Jun 14 2015, 11:21 PM)
A few thousand MAS staff (ex-staff?) would disagree with you on that tongue.gif
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oops. that is padan muka case hehe

QUOTE(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?
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Why? u accepted offer with HP?
all the best to you smile.gif
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.
waihung82
post Jun 15 2015, 10:57 PM

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HP still calling me for interview wo......a bit worry see all these messages now T.T
cannyeo
post Jun 15 2015, 11:24 PM

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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.
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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.
lightwerker
post Jun 16 2015, 08:56 PM

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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????

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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Well, apparently my angmoh boss told me this. so not only asian will say this ok.
greatbrownshark
post Jul 1 2015, 08:32 PM

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i remembered bringing in 1 million worth of debts for 2 consecutive months and only get 0.05% commission. aih~
Ruskyjalapeno13
post Sep 20 2015, 02:29 PM

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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
PhakFuhZai
post Sep 20 2015, 10:12 PM

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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.

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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not quite true actually, especially in the case of US based MNCs

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
SUSsupersound
post Sep 21 2015, 12:26 PM

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QUOTE(PhakFuhZai @ Sep 20 2015, 10:12 PM)
not quite true actually, especially in the case of US based MNCs

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
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Shell are owned by Europeans and all the senior senior posts will be holding by European only.
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.
Ruskyjalapeno13
post Sep 21 2015, 08:47 PM

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QUOTE(PhakFuhZai @ Sep 20 2015, 11:12 PM)
not quite true actually, especially in the case of US based MNCs

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
*
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.

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.

Alvan86
post Sep 22 2015, 01:44 PM

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The news has already came out quite a while. I remember I read it on a newsportal before.
SUSsupersound
post Sep 22 2015, 02:59 PM

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QUOTE(Alvan86 @ Sep 22 2015, 01:44 PM)
The news has already came out quite a while. I remember I read it on a newsportal before.
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Yup, close to 6 months.
But the ShellHP staffs die die don't want to say only, also is the company policy not to simply disclose such info.
woolei
post Sep 26 2015, 07:48 AM

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Keep getting call from hp hr,is it the good time to join now?


kelvin_87
post Sep 26 2015, 04:48 PM

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QUOTE(woolei @ Sep 26 2015, 07:48 AM)
Keep getting call from hp hr,is it the good time to join now?
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if you have a chance, just join in smile.gif
SUSsupersound
post Sep 26 2015, 10:25 PM

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QUOTE(woolei @ Sep 26 2015, 07:48 AM)
Keep getting call from hp hr,is it the good time to join now?
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Join at lower pay and when get higher pay then stand by to get slashed icon_rolleyes.gif
syieramilia
post Oct 4 2015, 03:16 PM

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With the HP separation later, is now a good time to work in HP as contracts, but under agents (permanent)?
SUSsupersound
post Oct 4 2015, 03:36 PM

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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)?
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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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