Tuesday, February 17, 2009

First time heard

New term learnt
vss - voluntary seperation scheme
mss - mandatory seperation scheme

7 comments:

eskay said...

So what is the different between MSS and retrenchment?

JenJen's Place said...

HA? How come suddenly talk abt vss n mss?

RaiNboW said...

Eskay,

vss - means voluntary. Anyone can apply for it.

mss - means mandatory. If you are selected, you have to go. However, there is compensation.

retrenchment - layoff. There might not be compensation at all. Like the Qimonda case.

RaiNboW said...

Jen, one of the neighbour company is having this. And it's the first time I heard about the term mss. That's why just jot down at my blog. ;)

Applely said...

why jot down such bad luck term ...

RaiNboW said...

Applely, no harm mah. At least learn some new words.

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