Meanwhile mgmt keep saying the comments here on aws and increment are fake news.. looking forward to see who is right!!
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Bright for GC, since all savings will be posted under her PDS. And the reduction in AWS is more than covered by her dividends from RSUs. Winning behaviors if you ask me. No one at senior mgmt gets punished for bad decisions, and the payout remains the same. Best deal ever!
4zlki+16zEvLP3
There will not be a mass exodus..those who are capable of leaving have already left.
Those who remain are those who have no options or in the late career stages so just want to ride this out.
Confirmed pay freeze in 2022, possibly 2023....AWS potential cut...Jobs moving to GBCs....the future for SG sure looks bright.....LOL
Management is very keen to make sure no loyalty goes unpunished. Those who left earlier get a full prorated AWS. Considering this, the attrition numbers are low. Seems like Singaporean employees really enjoy getting beat up and short changed, which explains why GC is so bullish to Dallas that we are ready to contribute more.
For those PIP this cycle, there will not be a PIL option...meaning no 3 months payout for those who wants to leave.
@4zhfq+16zEvLP3 step forward to create our unique winning culture! I am sure I can say for the many that we are so proud to be part of creating this identity!
4zosy+16zEvLP3 Cut AWS is Thai HR reccomendation, citing our total package is not competitive...therefore needs to be lower and more performance oriented.
And yes, as much as we hear many people leaving....it is still not enough...SG mgt wants to "force" more people to leave on their own.
There will be no PIL offered to the 2021 PA NSIs.
Only PIP. All 8% of them, for each PA cohort.
@4zosy+16zEvLP3
They have removed all Nespresso machines from HBF offices and banned all farewell/exit meals (with the exception of anniversaries and retirement), and downgraded to cheaper phone plans … and various other Opex-saving initiatives.
If those were deemed material to the company’s cash (drain) flow, then I ask you: what is AWS and salary freeze? That would be the next (big ticket) obvious step forward right? No?
When will PIP/PIL announcement be made? I suppose aws cut decision must be made before this announcement so that hr can calculate final compensation.
one hand say cut, another hand failed attempt to take back ex favourite, trip and fall face soiled, sweep under carpet. Integrity missing at the top?
I’m not sure what are they trying to achieve by cutting AWS. Is it because there’s not enough departures? Or what’s the costs savings there? Is it going to be more than the $35 mil incremental costs we incurred from a losing proxy battle? I’m not sure where’s the business sense in this and how’s it’s going to structurally improve the company.
You don’t need to cut the AWS. You just need to have enough murmurs on it and people are already rushing for the exits. But it seems insufficient though to Thai HR.
We all need to bring ourselves back to 1Q2020, for a reality check.
DW had said, in no uncertain terms: There will be NO layoffs!
That he preached, to the shareholders and to the press.
Then all his President-henchmen repeated that same message, over again.
Followed by the F&L President tendering his resignation, before everyone else.
And look at the mess that they’ve created now!
With PIP / PIL, country study (region by region), TMTS (up to 2023) - with mass resignations along the way.
Duh!
The latest heard for Singapore is that nsi maintained at 8 percent. Pil and pip continue to be offered. Pay/promotion freeze maintained for 2022. Lastly aws seriously being considered to cut down to one month. I expect the last one to be the straw that break this camel’s back. Expect mass exodus
Attrition out of control? If that is true...are senior mgt crying for help or painting a rosy picture to Dallas that all is going as planned.
Action speaks louder than words....in this shitshow it truly reveals the kind of leadership we have in SG.
The brutal truth is our jobs are going to India, KL and BKK...or outsourced to 3rd party. It is very obvious. The words coming out from GC or SG mgt saying SG is "strategic" or "key" ....what does it mean exactly to 99% of us? To me, just a bunch of lies to keep this place afloat for as long as possible before they finally close out.
By then, GC and her gang today would be happily retired with millions.
Long story short...get out while you can...EM does not care, neither should you...its just a job.
If you look at the financial results, it’s only chemical who has been delivering returns for the past 18 months, when the pandemic hit. And hiring costs are actually low, so no complaints please.
@4zhkl+16zEvLP3
It was Chemical (EMCC) that had over-spent and over-hired in the past few years … that had necessitated Dallas to conduct a “Spotlight” study on Singapore.
Chemical’s 10-year ROCE is sh!t.
@4zwjt+16zEvLP3 pointed out the key traits of weak management, hiding behind the 'job' as excuse, continue to take home huge sums, motivated to cut incentives and locals. This should not be happening.
@4zhkl+16zEvLP3 she cannot be telling us otherwise right? You would have said the same thing! We should not put the blame on GC, she is just doing her job.
Execs like GC mentioned that Singapore remain strategic, while we still see double digit people leaving. Something the execs won't say, is they had seriously overspent and overhired in the past few years, leveraging on the reason that SG strategic. US caught their tricks, the overstaffing has now overshadowed the strategic advantage. It is obvious.
You have to ask TMTS Lead how many heads to chop till 2022.
Anyone knows the planned reductions GC had on her plan. We are having double digits attrition at the plant and yet we are still not having enough departures? Are we looking for half of the workforce gone? And this stupid Thai HR still want to cut AWS to accelerate departures? This only means GC is lying when she says Singapore remains strategic to the corporation. Seems to me it’s only strategic to post structural cost savings?
There’s way better offers out there, thus we are seeing high finance turnover. Furthermore, way too often, the finance leadership team is too keen to toe the company line that everything will be better without providing any kind of vision or any clear outlook to the future, leading to pi---d off workers on the ground. I’m surprised it’s only in finance and that attrition is not more wide spread.
Why is finance having high turnover?
@4ykam+16zEvLP3 The entire team can leave us and life in EM goes on. Although you hope that your contributions matters, I need to call you out on that point because in reality it does not. Like a swiss army kn--e, any employee can assume the role and perform well in the job, yes even engineers.
Huge mess. Support functions org.structure seems seriously top-mid heavy like finance, sustainable? GC must be secretly planting seeds in Bkk and India, balancing the weight.
SG mgt is happy to see support functions like finance losing people...part of the plan to reduce headcount without paying. GC will just recommend hiring in india or BKK to Dallas.
As for engineers...you thought the role must be onsite? Think twice...engineers are replaced by KLTC.
It is game over for SG workforce. Oh...reward for those who stay...2022 pay freeze! hahaha
Finance losing people like flies. Soon we have engineers doing accounting. That will be fun, especially after we had an engineer run a titan to ground.
To all good hardworking honest loyal newbies or old timers ex em employees who have already left be it by PIP by retrenchment by resigning
My greatest respect and salute to you all
You all made the best right decision to leave exxonmobil
No regret and in fact a great decisive move indeed
Best wishes to all you good people of ex em
You all definitely knew the real exxonmobil from the inside just like bloody WebCat
Have a greater time and greater career elsewhere where you're more appreciated and respected my friends
# WE were once exxonmobil
We are ExxonMobil!!! Oh sorry, it’s we were ExxonMobil. It’s only the senior managers of EMAPPL shouting We Are ExxonMobil. After all, they are getting nice RSUs rewards for betraying their own countrymen? No? Uniquely Singapore!
The level of folks still advocating that EM has a bright future and will ride this out stronger fall into these categories - largely because they cant leave.
1) Age 40s and above- lack of specific skills for market
2) CL 26 and above - drawing mid 5 figures salary and above. - too expensive for generalist skillset
If you do not fall into these 2 categories....strongly suggest you leave...SG mgt is not going to do anything to help us long term.
Ask what tangible effort was done for local workforce...without looking too far...even SG Chevron continued increment and bonus.
Read the article below . It’s obvious that the base is shifting to THailand that’s why it’s asking HR from TH to helm the benchmarking … . We all know how the game is played all these years . What do u think the TH HR team will do? Self justify a case to show that TH is a good place to shift the jobs over .. based on $ and cents . But , it has conveniently hide the fact of political instability . The junta is still governing ….. so much for an American company that talks about human rights , democracy etc . Can you see all the Bulls***? Help yourself , read the article above and make ur plan . Look long term ….: those in the late 40s and 50s have no choice and don’t mind going down with the ship….. some might have safety boats ready ( like GC and all her execs) . What abt us the younger ones ????? Too young and too soon to perish …
https://mothership.sg/2021/05/career-advice-abel-ang/?fbclid=IwAR0WbT-UN2RnTAGQ1-H_q67a4OGu7PEWfp7RZcan1yMQWkdgrzjduRd0lXQ
Departments with the most resignation are poorly managed, due to incapable management and lack of transparency. Staffs have seen through them.
@4yjns+16zEvLP3 Lol!
We definitely have a lot of Oscar wining award actors in this company. Act to be loyal/willing to sacrifice for the company. A classic example would be a technical DH weep in a tech comm session telling how he loved the company..ha if you know about his early day attitude/doing..you'll probably vomit. So don't listen to management BS. Open you eyes to see the real situation and make your move.
@4xuyc+16zEvLP3 Any black and white confirmation or again some managers just trying to keep the workforce longer for 2021. Till today I am really surprised there are people who believe the words spewing from mgt mouth.
Even if AWS is kept for 2021, what about 2022, 2023...what about SG long term future with jobs migrating to India, KL, BKK. For the younger folks, please think long term...is this a company with a bright future...it wont close down overnight but will it give you a good career...
If you see very senior management from different functions heading to BKK, India or KL for expat or short assignment. High chance they are planning an avalanche to sweep jobs out of SG, permanently reducing costs.
Some managers already shared there is no AWS cut this year so please stop spreading fake news
Hearsay this year is one of the toughest year in ranking. PIL/PIP letter is prepared to issue somewhere in Aug/Sep and 8% is confirmed. Pray hard!