Friday, September 4, 2009

The Worst Is Over, Or Is It?

There was a survey done by Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) that represents some 28,000 chinese entrepreneurs in the country, that believes the worst is over for the local economy. Some two -thirds of the respondents had indicated that they would not reduce the number of employees.

Read more at Mida Official Website.

So, two-thirds would not reduce their workforce? What about the other one-third – considering cutting down? If that ‘s the case, then one-third is a huge figure. So, how can we say the worst is over when 33.33% of the respondents are considering cutting down workforce?

At grassroots level, people’s confidence is not getting any higher – so far, I have not seen a turn for the better, well.. not yet from my point of view. I interviewed a senior consultant in network security this afternoon. He joined the company for less than a year and now considering moving, citing slow business and because of that, salary payment is always delayed. Two days ago, I have a friend in Facebook telling me she has just been retrenched and now asking for my help. So, is the worst really over?

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