Before you go nodding in agreement to every section of the newspaper...
Today, there is this contradiction. Not that i spotted it. Sth raised by some colleagues... ...
Straits TimesThe Business Times pg 10"Singapore is emerging increasingly attractive place to work, according to the results of a recent survery by global consulting firm Watson Wyatt... attributes new allure to two main factors. First, the expansion of companies' toles in Singapore Working in MNC is the same whether here or in London or New York.
The Straits times, pg H21
New York - CITIGROUP is taking its biggest step in the first major overhaul of the banking giant since it was forged by a merger nearly a decade ago.
· Citigroup is planning to shed between 10,000 and 12,000 jobs this year from across the company, according to people briefed on the situation. · Some 14,000 additional positions will be lost to attrition and relocated from high-cost locations - including London, Hong Kong, and New York, where the company is based - to less expensive areas like India, Buffalo, Cincinnati, Ohio, and northern New Jersey. Looks like staffs in Citibank have to be prepared.
My insights: Well, in the market, acquisitions and mergers are taking place every second. Companies whether MNCs or not have to be on their toes. ABN Amro is the next target. As companies are being bought over, mergers being made, a down scale has to be made some time soon. So before you start being joyful that your company is expanding, think again, you might be the next one on the axe.
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