Fear of retrenchment pushed him into business

Mr Joseph Tan and his wife Mrs Fiona, started a tuition centre Intelligent Minds Learning Center when he was 53.
Mr Joseph Tan and his wife Mrs Fiona, started a tuition centre Intelligent Minds Learning Center when he was 53.PHOTO: ST FILE

Five years ago, Mr Joseph Tan was working in the trading department of a financial institution when it decided to shut down the department.

"Many of my colleagues were retrenched, but I was lucky and got transferred to another department," said Mr Tan, 55.

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A version of this article appeared in the print edition of The Straits Times on April 02, 2018, with the headline 'Fear of retrenchment pushed him into business'. Print Edition | Subscribe