Personal Finance
Living On A Knifes’ Edge
By Early Retirement SG  •  December 17, 2020
The management company of my apartment changed. The owner of the apartment building just changed contractor. They used to engage XYZ company to manage the apartment, lease, maintenance, etc... Then now it's another company. The staff were informed 2 weeks in advance. They weren't allowed to inform the residents. So to us, the residents, overnight, the management changed. The staff just disappeared and a new team appeared at the counter in the lobby. No. This is not like Singapore. The staff aren't redeployed to other apartments that XYZ company manages. Why would they? The other apartments are already fully staffed. They were all let go. No warning. It's not like XYZ company is going bankrupt. It's just that they lost the contract to continue to manage this property and the employees for this site aren't required anymore. I suppose it's quite normal in certain industries. Many people have lost their jobs in the US due to COVID,...
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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