Career & Education
Retrench during Oil Crisis! Why?
By Rolf Suey - Invest in Yourself  •  February 4, 2016
The current oil crisis is definitely one of the worst the world had seen in many decades. Oil price free-fall from more than $100 per barrel late 2014 to less than $30 a barrel during the start of 2016 in what is described by many as a year of annus horribilis! The downturn in the industry had resulted in widespread retrenchments. Even the usually resilient Keppel had recently announced to slash more than 6000 direct staffs in the O&M division. Over the last few months, I also heard so many ex-colleagues/friends being shown the exit door. Our company is not spared The company I work for is not spared. Although our core business is not in O&G, a big part of the revenue is still derived from this important sector. Retrenchment announcements began last year affecting the Western Hemisphere.  Despite our company's extremely strong balance sheet and not a public ......
Read the full article
By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance