NON RENEWAL CONTRACT???

i thought i heard wrongly on the news last nite
but today the hardcopy confirmed what i heard
(quote and unquote):-

"The secretary—general of the National Trades Union Congress (NTUC) said: blah blah blah.....Our message is — Give priority to the local workers. blah blah blah...."

Stephen Lee, president of the Singapore National Employers Federation (SNEF), said: "Many companies choose to do the easier one first — freeze hiring. And for those who have left by natural attrition, they don’t replace. The next step is non—renewal of contracts and that will mostly affect foreign workers."

erm....but dun they know tt many co now, currently, presently, long time go, already practises "employment by contract basis subject for renewal"???
whether u local or u foreign talent, u are also being employed on contract basis........

so er, to say dun renew contracts, how huh?? ppl will bound to say "UNFAIR TERMS...blah blah blah...."
and also then many co will say "gahmen said de, no renewal of contracts...so sorry, we cannot retain talents..... u have to go... we have to give priority to our perm staff....blah blah blah...*arm chio*, coz indirectly helps co to cut cost, save money.....first time everybody follows what gahmen said......dun see them practises "work life balance"

and then come to think of it, u spend 2 yrs training and teaching someone and then end of the day, u got to say bye bye to the person and then take over everything to do yourself. then why bother to teach in the first place..........and then what happens when times are good? u employ again and will tt old bird wants to teach the so called new generation? no lor. why? coz the old birds scare tt the new blood will snatch their rice bowl away........its very common now lor. happening everywhere......and now comes this, will only makes the matter worst esp when tt person is schedule for retirement, then who is gg to take over his job?? sigh........

anyway, tts not for me to worry cos hor i have other more impt things to worry about......
u would have guess so by now, coz yours truly is on a 2 yrs contract basis employment subject to renewal lor........hehehe *heart beating very quickly*