Qimonda * – “Waiting for golden handshake”

Pros

1. Nothing much to do for the time being. 2. Can use office hours and equipment to browse for new job opportunities, prepare and send CVs, attend external and phone interviews. 3. Can visit children during office hours as they are only at downstairs. 4. Still can attend some internal courses to prepare ourselves for challenges outside. 5. Can use office hours for extended lunches, run errands like visting banks and government offices, for swimming session at a pool nearby. Can hang on to the job until receive a golden handshake, which I hope soon, in view of the recent insolvency announcement.

Cons

1. No pay increment last year. 2. Probably no pay increments this year. 3. Golden handshake probably not attractive for those who are not senior enough with the company. 4. Risk of not even getting a golden handshake if company simply shut down. 5. They no longer fly me around for trivial meetings. 6. Qimonda is slow in everything, planning to implementation, slow is something that a DRAM company cannot afford. 7. Management (VP and above) is still not announcing any pay cuts for themselves to save the prolong the company's life. I still see expats working in Singapore office, but they cheap or simply not dispensable.

Advice to Senior Management

Trim down on non-crucial functions. By non-crucial, I mean you can still get orders, make, ship and collect payments from customers, without them