A Singaporean worker in the automotive sector has expressed a desire to be laid off, citing the potential financial benefits of a redundancy package. The employee, who has served the company for over a decade, noted that current policies offer one month of salary for every year of service. With rumors circulating about a third round of layoffs and potential reductions in future severance terms or the implementation of performance improvement plans, the worker prefers to exit now to claim the existing payout. Despite acknowledging the challenging current job market, the individual views the severance as a significant incentive to leave the organization voluntarily through the retrenchment process rather than waiting for less favorable conditions.
Source : The Independent Singapore
Photo : The Independent Singapore
