Tuesday, October 28, 2008

Economy Turmoil

The situation is bad, really bad now. Today there is top management's meeting. After the meeting, news are being spread to us, engineer's level about the current status of our company.

Basically it can be summarized into TWO main points.

1. The "life-saver" product have had issue, causing the customer to pull out the order from our company. This posted a big issue. Due to the world-wide economy downturn, productivity suffered badly. Thus, we had been putting our bet on this "life-saver" since our company has the capability to produce it. Nevertheless, the dream shattered when "life-saver" was pronounce mal-function.

2. Big guy from G is going to our company soon. A lay-off is going to be a statement, rather than a rumour.

Well, I guess it's not just our company that is facing this issue. Many established big sound companies had already did what is necessary for cost saving. Guess it's our company turn soon.

16 comments:

Dav DiDi said...

Retrenchment or cut pay ?? haaaiihhzzzzzz......

Anonymous said...

The "life-saver" product is it XH?

From "L"

RaiNboW said...

Hi Didi, no idea. Need to wait for the big man to come to decide. =(

RaiNboW said...

Hi "L", that information is confidential.

Applely said...

So, what's your plan? stay on to see what happen, or find a more stable place to work before there's any retrenchment?

But i guess, no place can be considered stable at this "economy downturn" time. Even banks and insurance companies are facing difficuties.. If this kind situation keep on going worse, lots of companies will become bankrupt.. worse than 1997..

One of my senior told me that he had face pay-cut during the 1997 time last time.. in his previous company.

Applely said...

Oh ya, i'm going to service my car this saturday, and get my car to wash and polish at Original Car Wash, u wanna join me? hehe ...

Anonymous said...

Sorry..
From "L"

RaiNboW said...

Applely, I guess all the job outside now is not safe. Besides, they lay off base on last in first out. Better stay with my company for the moment.

RaiNboW said...

Applely, where are u going to send ur car to and what time? I need to service my car also. Hehe..

eskay said...

Don't be so negative. Tomorrow is full with hope and joy.

Applely said...

My car service will be at Gamma, the one with new big showroom.. Might be in the morning lar.. then after that baru go polish and also lunch there ... my plan is like this lar .. hehe ..

Ching Ching said...

Do you really want to stress yourself due to this? Be your part first... :P

RaiNboW said...

Eskay, am I a negative person? I don't think so le.. i'm a super positive person. ;)

RaiNboW said...

Applely, let's bring our car to service together. I need to service at Gamma too. Then after service, we go original car wash have our car wash and have lunch. ;)

SMS me tonight.

RaiNboW said...

Ching, of course I will do my part. ;)

Oh ya, ur CD i will return it next week ya..

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