Philippine Long Distance Telephone Co. (PLDT) is slashing its workforce. More than 500 employees will be forced to retire with P1.1 million by September 15. PLDT says that’s the average compensation of the employees the company needs to let go.
If you suddenly find yourself out of a job, has skills in telecommunications traffic operations, fleet services and network, and suddenly holding P1.1 million in your hands, what are you going to do with it?
Food for thought on a very slow news day.
December 15th, 2007 at 5:11 am
i would hold on to the 1M while looking for another job. once i get another job, i would place the remaining amount to a 5 yr time deposit that would let me get the interest monthly, tax free; hopefully, at 10%pa.
October 24th, 2007 at 7:05 pm
1m? umm, save it and look for another job right before u lose ur job.. this time look for a job that u can urself do it later with that 1m savings..aprentice kind of!!
October 18th, 2007 at 7:18 pm
The best option is to work abroad,many companies overseas that involves communication needs a skilled guys like you.Goodluck.
October 9th, 2007 at 3:20 am
1m in reality is a small amount nowadays. If i had an additional 1m i would invest it in my check rediscount biz and put up addtional row houses in our las pinas property. Four row houses at P600k equals P18k in total rents per month. The P400k will be invested on check rediscounting at 3% interest per month.thats an additonal P12k per month! So if the P1m is used wisely it could generate a minumum of P30k of passive income per month…cool huh?
September 22nd, 2007 at 5:07 am
Ill donate to church the 10 percent and 60 % for saving for the future and 30 % for investment