anyone here RETRENCHED / JOBLESS currently?

I have 1 friend who got retrenched last month (he works in an IT company in Cyberjaya - not allowed to say cos got NDA shit)... 1 month compensation.
Now he's superfucked, cos got 2 cars / 2 properties to pay. He used to pull in about RM11K ... he's in his late 30's. Wife not working and 2 kids in kindergarten.

I also have 1 friend retrenched by local bank (3 months compensation) and 3 friends in O&G all kena retrenched in September this year. One of them driving Uber but pulling in only about RM4K... not enough to pay for his commitments monthly.

My sister in manufacturing (textile) also going to kena buang in 31st December 2016. But she gets 2 months compensation because she had been working there for almost 8 years.

How are you holding up? What industry are you in?

How many months can tahan with all your commitments?

What is your backup plan? Use savings to tahan or driving Uber?

If some of you were retrenched unlawfully, i'm sure some lawyers here can advice accordingly.

I hope we can use this platform to help each other during this difficult time.

p/s Pls don't ask ppl to sell backside to make a living. Tq.

Market is bad. People starts feeling the pinch of less disposable income. Surely the extra collection of GST comes from somewhere. Money doesn't come out of thin air.

parking although not anywhere near retrenchment lulz

not getting retrenched but resigning soon!

I think a few options for those who are Jobless / Retrenched are

1) Start your own business (offline / online)
2) Uber/Grab Driver
3) Leverage freelance websites (fiverr.com/Upwork/Elance) - If it suits you

He kaki flipper for property. Kesian him lol.

tered should kolos since ts also not jobless or retrenched

https://forum.lowyat.net/index.php?showtopic=4074726&hl

Ya but purpose is to help others who are lost / jobless / retrenched / getting retrenched.

All the smart taukeh here can give advice.

Backup plan? The best back-up plan is – Earn more, keep your commitments small.

Any downturns – u don’t have to panic if you’re retrenched because you’ve got enough cushion to absorb your fall. If tomorrow I lose my job, I think I have enough to last me for a year (counting all commitments eg. insurance, house loans). Always make sure u saved at least 8 months worth of your salary that can be liquidated without loss.

seems like you people lived beyond your means. eat bread and drink water and you will lived till you die.

/k all also taukeh with min RM25k/month salary...

VSSed myself a year ago..... still not working..

How many months you got? U banker?

Pls correct me if I'm wrong.
If work more than 5 years, each year will compensate 1 month uf retrenched.
Work 8 years get 2 month compensate is strange to me. It should be at least 8 months

Took me 9 months to find a job.

I took VSS in 2015.

It's tough, but have faith in yourself.

MNC.... 1mth x year of service for 21yr. enuf for cheap pay kuli to survive for 2 years.... now need to start worry.

Actually, when talking about retrenchment, its will be announced earlier giving you time to settle the job and prepare yourself for a new one.

Stress level will be very high during this time, most cannot sleep, eat a lot, become zombies, health problems all kick in and have problems with yourself and your family. Get agitated very easily.

And never laugh at people getting retrenched, just like my kolik, her husband laugh at her, the next week he found out he will be out of job sooner! Now her husband got high BP and a short temper.

Let me tell you one thing about companies closing down

My admin officer went to Kastam to declare the Company Closure.
Went there to see the officer and couldn't find him.
Actually, he was around at his table full of files as high as him sitting down all surrounding him!!! So you surprises our company close down too.

Later continue..

I'm getting 1.75 X years of service...20.9 years
Basic plus allowance cos employer already sign collective agreement with Managers Union.
Now waiting for company to close only. Few months time

What you gonna do with the compensation money? You're not just gonna let it sit in the bank right?