Companies introduce various measures to help save jobs
The economic downturn has led some firms in the region to retrench staff in a bid to cut costs. But others are trying other measures to preserve jobs while surviving the current difficult climate.
Shipping firm "K" Line is encouraging employees to attend courses in areas such as Information Technology and Accounting while business is slow. The company is also sponsoring up to 70 per cent of their course fees.
Furthermore, "K" Line is sending about 16 employees for training on board its container vessels next year – double the number this year.
Kenichi Kuroya, managing director, "K" Line Pte Ltd, said: "We do not want to see the loss of human resources which we interpret as a kind of loss of culture for the company... It takes a long time to establish relations with the staff.
"The vessel fleet is expanding which would automatically link to the expansion of the business, requiring more human resource power. Based on those commitment or purchase contracts, we will maintain job opportunities and increase a certain number of jobs needed by our company."
Chemical firms are seeing slower orders and contracts as well.
Rajendran Govindarajoo, president of the Chemical Industries Employees' Union, said: "If they don't do anything, the company will be losing a lot, a lot of money. Salaries in Singapore are pretty high, if they can't afford it and they close down, they'll move back to their own countries."
Some firms are also considering measures such as temporarily shutting down plants for maintenance.
By executing various measures during this downturn, unionists and employers hope this will show parent companies of multinational corporations that Singapore is determined to save jobs.
Nonetheless, if foreign parent firms still insist on retrenching, it is hoped that their Singapore offices will be their last choice for downsizing.
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Shipping firm "K" Line is encouraging employees to attend courses in areas such as Information Technology and Accounting while business is slow. The company is also sponsoring up to 70 per cent of their course fees.
Furthermore, "K" Line is sending about 16 employees for training on board its container vessels next year – double the number this year.
Kenichi Kuroya, managing director, "K" Line Pte Ltd, said: "We do not want to see the loss of human resources which we interpret as a kind of loss of culture for the company... It takes a long time to establish relations with the staff.
"The vessel fleet is expanding which would automatically link to the expansion of the business, requiring more human resource power. Based on those commitment or purchase contracts, we will maintain job opportunities and increase a certain number of jobs needed by our company."
Chemical firms are seeing slower orders and contracts as well.
Rajendran Govindarajoo, president of the Chemical Industries Employees' Union, said: "If they don't do anything, the company will be losing a lot, a lot of money. Salaries in Singapore are pretty high, if they can't afford it and they close down, they'll move back to their own countries."
Some firms are also considering measures such as temporarily shutting down plants for maintenance.
By executing various measures during this downturn, unionists and employers hope this will show parent companies of multinational corporations that Singapore is determined to save jobs.
Nonetheless, if foreign parent firms still insist on retrenching, it is hoped that their Singapore offices will be their last choice for downsizing.
Full Article Source & Image Source.
Jorbb gets Jobs for You! Job Seekers join Free / Employers Post 1st Ad Free. Earn credits to exchange great gifts.
Follow Jorbb on Twitter, Friendfeed, Facebook Group and Mobiles/iPhones!
Labels: economy, employment
posted by Jorbb @ 9:45 PM
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