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?

Sell sell sell ... DDD!

i pemandu...GDL...so far i open paper alyiz need worker..so i guess i wont be jobless anytime soon

Not really.
F&b industry is always open for people. No matter if u young or old.

Even the Manager in Training program always available for newnintake.

Tahan tidak tahan itu sahaja la.

No need to end up become uber/grab driver

Resigning soon.

It's getting more real now. I know I'm gonna be happy but the last time I was out of job not making steady paycheck at the end of the month my self esteem really low.
That time will limit seeing friends even won't be able to score dates.
Then suddenly feel depressed a bit haha

Damn.. msia economy going down the drain.

My back up plan. Apply for aussie or sg pr. Jumpship.

jgn la resign

I tot i was hopeless coz throughout end of year no job.. whilw my cirrent job wont renew my contract.... mana tau last week got offer...

DONT GIVE UP BRO SIS

Well, I had a few discussions with my koliks, some idea is good, some they really dunno how to manage it.

I might be wrong in my info, as I'm not an expert in financial matters.

And first thing is:

1) The most important money you need to save.
Estimate how long you will be out of job, and how much you are getting
Since my company gimme about 40months

Lets say 9 months to get a preferred job after hopping here and there, on /off work
9 month expenses like car, house, utility etc need to set a side first. This money you touch you die lol.

That's leaves me about 30 months money. The basic will be keep all in ASB to get 6% annually, but, not as easy as that.

2) Pay off all credit card. But no need to finish paying off the house or car. As long as able to pay it, continue doing it.
But need to set a limit to this. If over it, probably need to sell properties. And since got profit, 1 house can actually cover 2 houses.
Like me I'm unker and low qualification, its quite hard for me to find a job

3) Insurance now is very important. So probably gonna spend RM4~6K on this a year cos I'm jobless and no longer have company insurance.
Since I've been to Specialist Hospitals and General Hospitals, I know money matters a lot in this, I'm not getting younger and 1 fall can cost me easy 10~20K.
General Hospital service too slow.

4) The spending, OK...I'm not an angel, I want to go overseas with family see snow with them, get the latest iPhone, probably change car, etc. This one I really need to be very careful with. But that I think about another time.

What's important for me is every month I don't work, money is minus from my account. So I need to get a well paid job fast.
That one I will think about 2~3 months time before my retrenchment date. As of now, I'm relaxed and avoid stress.

This post has been edited by azbro: Oct 25 2016, 06:27 PM

It's either I go first or they let me go
I have no more job in the company. Now also quite free ady.

jom lunch. haram lunch or halal lunch?

Even if God doesn't exist, it may be necessary to invent Him now.

Dinner la jom
No pork no lard 😉

orait. show jew my nihongo pics.

Means got souvenir also 😄😄

I wanna meet the infamous kopitiam spammer loooo

nein.

bought alot of ramen. especially ippudo and ichiran.

Tak halal lettew 😢😢

too bad.

but did experience my first earthquake thou.

Oh the one that causing flood in Korea that one also ah?

I hope my company wont retrench me

My sister took VSS from national o&g company. 12 months compensation.

nuh lesser than that. 3.0 tu jer.

I was jobless for a while when jaring bankrupt last year. Now doing OK d

enough compensation la tu ...
u can take a long break...

How come have Managers Union, so good.. is that a GLC?

wat do u expect from cinamen company?

This post has been edited by cikopek: Oct 26 2016, 11:28 PM

since i am jobless since 8 month ago, here i will give some advise

1. Start your own business (offline / online) - i started this, due to a bit boros lifestyle during work time, so my daily target to earn at least 70% of my last time gaji, but end up rugi over 70k
2. not enough to cover the bill.
3. dont know this.

maybe can change the field

wow... good for u bro...
can start own biz...

Parking...gonna join the club soon from Shell Cyberjaya
at the moment driving Grab to earn extras to reduce loans and instalment plans as much as possible
at the moment see see look look around for job looo

old compeni bungkus liao, absorb to new compeni.. but kenot tahan, jump ship to new company outside mesia..

Seems hard time for the working class
This will swon ball to small business owners as working class spend less.

Parking...Im joining soon....but have ideas of doing my own agency as I am very confident of my experience and determination behind me

Shiiet, economy really so bad meh...

ya, super-screwed, but who to blame ? ya, jibby. =P

strip down property, sell those cars and house and accept the loses, situation will be getting worse, means the later you make the decision to sell it off the worse its, cause the economy will hit harder later, and more ppl had to sell.

I think i can survive for +- 1 year without job, just need to pay house like 1k+, car completely owned, but i dont think ill just let myself rot.

all the best, yo!
the thing i hate the most are job hunting.

work 8 years and get 2 month salary only ??
may i suggest you (or your sis) to discreetly contact labor office, i think there is a clause there somewhere that states half month pay for every year service (for permanent job) ...

do it DISCREETLY ok ....

I am Jobless and my words are not gonna help much I'm 24 single fighting for self cant compare to your friend that has family to feed but properly you can take it for a references if you want to,

I ve been Jobless for 2 years++ after I resign from a construction company as a supervisor's unregistered right man because internal conflicts (sorry cant say the issues is p&c and it was my solid job at that time) My saving was so near to 0 due to unexpected events.
I am self paying my expenses, study funds(done college on this year January) and other bills but was unable to hold up my job flows due to depression forced to stay with mother this year's April,

Doing multiple part time jobs in a roll but only 1 part time job that has a fix time,
-My fix part time was a cook in a restaurant 1 hour Rm10 and Max Rm300 per week Fri Sat Sun Full day.

-2nd job was delivery random stuff and payed after all numbers of errand are delivered, online search and found this job doesn has a fix time 1 week about 2-5 times each day Rm120-180 job duration are in hours.

-3rd Uber driving at night time either normal day or after kitchen part time around Sunway area with my friend's car because my car is old 1996 does not meet Uber's minimum require.(I did this the most was able to hit 3k sometimes, figure out the fuel price so it was with Axia)

-4th online selling stuff and this you need to do homework and not simply self stuffs that is beyond market prices properly you can ask your friend to sell things from the house. For me I was already doing online sale since many years ago but lost contacts phone stolen, and is difficult to start again just lucky that found 1 of my suppler, mobile phone gadgets.

Last is search for a job that is only apply 1 time and age has no limit duration only a few hours or half a day, event helper, mystery guests or shopper, flyer distribution so far I did these they pay are usually Rm100-Rm150 or more depends on wages.(Find for vacancy everyday on online or from outdoor)

To sustain multiple job paid about Rm200 or so for blood pressure+cholesterol reduction pills to avoid long sleeping hours or fatique and chlorophyll water to boost your work force. Drink more water and changed food diet to beat daily money spend for saving money.

Use saving to sustain I tak sokong since that's the only money you have, use it wisely properly buy and sell for a slight regeneration rather than sitting duck i think.

Unbalanced end payment, 4k-8k and is bloody not worth it for own health and I aint the lucky one.

Hope your friend able to maintain srsly

cheers

Today radio mentioned another 2k retrenchment, but dunno what company.

Lol working class okay ady bro..
Sme dying like fish on the land with some water beside the body...

Ayam oso jobless

Haih

2yrs +, r u with permanent job now?

Not yet

currently dealing with my descent father's unsettled issues and will fight for a working permit to Australia Sydney's cooking industry as I have no connection and recommendation at all is extremely difficult to get 1.
Australia if fail to apply will just go Singapore for try out

You're a chef? Gd luck bro, economy merosot semakin teruk...
It's good that you've make up your mind to leave this land..

This post has been edited by heavensea: Oct 27 2016, 08:14 AM

Yeah a cook but more like kuli I think because my experiences are stacked up didnt work as a cook permanently.

Since eco down + Malaysia cook salary sucks jdi skrg itu gaji permasak mmg tak leh tahan x kisah kerja kat hotel ke restaurnt ke in a long run have to get out and earn new sets of capital and experiences if fortune nuff will stay there but if is not will just set a small food restaurant upon return

and Thanks man have a good life

unless you have culinary degree lo, heard this can cari makan at hotel. Same to you, stay well bro.

We have a fucking 'club' for the retrenched now?

Our economy is going to hell faster than I thought.

inb4companysponsoringbersihmustgodown

This post has been edited by jamilselamat: Oct 27 2016, 08:35 AM

How many month I can tahan: 12month. Not much commitment. Have enough saving to pay bill. Just HV to spend less on entertainment n food if hits me.

% kena buang : 30%.. Us n spore branch already start to buang ppl. Pen mostly start buang ppl in 2017 if eco still no good.

What to do after Huang: lower salary job eg promoter operater worst come to worst

same here. all of a sudden, my boss decides to be an asshole by lowering our commission without discussing with us. bank in amount less than payslip amount. i dont care about it anymore. looking for new opportunities now.

i will be jobless soon. Previous experience in O&G. Very hard to find job here in sarawak.

anyone here work in Penang?

Wanna find job fast fast!

Every month I not working a lot of money minus from that account to pay for bills and expenses.
And I no more getting younger.

Not GLC, normal MNC company, I think our Union is the first in Johor for Managers, but its limited to certain level only, and those in HR and Accounts of course cannot join it. But good that the company give all managers same benefit.


Own biz..no way, I got 0 experience in Biz

I'm more to losing money doing a few business than gain money.

And I've to cover my months expenses of about RM6K.

Anyway, I've got special License from Gov for certain skill set not everyone has, probably joining a consultant and selling the license to company that needs it, contact basis. But that's another story.

This post has been edited by azbro: Oct 27 2016, 08:47 AM

i know i sound repetitive, but just to say it again.

go try food industry, there's money to gain there.

Very good experience and you are still very young lah, many opportunity. Your writing skill is indicating you are more knowledgeable than those work, don't underestimate your self. But do focus one job more lah at a time. Good luck !

damn, me goin new co by end of this yr .hopefully all ok nex yr

Ur first fren gg Liao. Classic exanple of spending beyon means. He better have atleast 2 yrs savings per hause mortgaged or ggnore

Nowadays its hard to plan for the future, u might have job today but tomorrow not guaranteed yet.. best is to plan for tomorrow only and make the best of today.

I found out that people with unique skills can survive longer.. should have invested in skills since young age (singing, crafting, painting,dancing,.. etc..)

Recently got retrenched from offshore OnG with 2 years of experience =[, 27 years old

now possible have two offers


Manufacturing : Product Design Engineer

Downstream petrochemical/chemical : Rotating equipment engineer.


May I know which one should i go for?

1st option
Environment: The manufacturing have more work life balance, friendly boss.

Career opportunity: I feel like it is a very broad skills, can easily be replaced next time. however the company i feel it is more stable in current market situation, not sure about the future. I start all over as a fresh grad.

for 2nd option,
Environment: i think have more OT. More indians working here so not sure about the integration
Career opportunity: The skill i feel that it is not easily replaceable compare to the previous one, hence if there is demand, the pay will be good. However it is closely related to OnG. if i can ride through this difficult time, i think this job is better in long term.

Can all with experience on making career decision give me advice? thanks! correct me if i am wrong, but I am more inclined towards 2nd option as my previous boss said the skill learned can be used in all the chemical plant around the world. so i dont have to worry about in future got retrenched again and cant find a job.

May I know most of you guys retrenched work for what industry eh?

The ones i PERSONALLY know who got retrenched since Q1 2016 till today are from the following (in no particular order)

1) O&G
2) Banking
3) Manufacturing
4) Retail Outlets In Malls
5) Certain F&B (obviously the not so popular ones)
6) Construction

Is hardly to see any audit firm or business consultant to retrench ppl.

parking....u know la oil & gas peepul tunggu masa je ni.
heard from the rumours the retrenchment for frontline will start next year...so i just siap2 jelah.

not sure about other industry after o&g, nothing much i know besides a brief period of kerja kilang (manufacturing).

if shit hits the fan, the next thing i wanna try is to keja retail....shouting "Welcome to Uniqlo" etc

hi, what job should i try.

i didnt pass spm wat to do

ialso no spm..my suggeston is get GDL license

im just happy i have a job

used to pull 11k now superfucuked? your friend just spent all that money?

Uniqlo manager cari banyak duit jugak my frennn.

I wonder u guys who Kena or going to Kena, and have high commitment like hse and cars, example 4-5k. How many years of emergency funds u guys saved?

Hmmm... Education sector also not good now, budget cut, bonus 50-50, depavali, Christmas no more makan2

If anyone of you can design nice websites (American themeforest standard) do let me know. Send me your portfolio. My company actively looking for one.

so many jobs out there, if very picky then susah la..

U mechanical engineer grad?

Joining the Unemployed Club.

Why kesian him? he's not going to be homeless or anything. How are you better than him, even without his two properties? unless one of them is actually his house, then he's kind of screwed lol..

All the disposable income I have now is Rm10 in coins, I need to figure out how to change it soon

You can blow 70k and still survive

Add fuzzy the jobless loser

Hmm i kena retrench last year. Now im doing fine been 1 Yrs+ working now
Here some advise

1) Gain some special skill set, i am basically own few technical cerf.
2) Bound back fast, once i know im listed, i start hunting for Job
3) Keep your contact close, this help me tremendously.
4) Saving. I kena retrench from OnG company. They compensate me 1.5 X year service + 3 extra month paid. Enough to cover my bills and expenses for 6 month.
5) I jobless for good one month. Thanks to few friend keep supporting.

Hope it help.

Actually my expense a month over 15k include all the bill. And yeah so far still survive.

why resign ?

U lost RM70k, your monthly expenditure RM 15k, how u survive la?