- On 27 July 2016, I had issued a statement outlining the state of Malaysia’s manufacturing sector. I touched on the challenges posed by the closure and restructuring of business operations, and stressed the Government’s success in attracting many other companies to set up their manufacturing facilities in Malaysia.
- The economic climate is challenging. A number of firms are restructuring their business plans and shifting their investments from one country to another to take advantage of abundant and cheaper labour costs.
- Malaysia is not spared from this new reality. In the period of January 2015 – August 2016, data from the Labour Department shows that a total of 10,907 workers at 51 companies in the manufacturing sector have been retrenched as a result of closure or restructuring exercises. Among companies which had announced and undertaken retrenchment...
[MEDIA RELEASE] RETRENCHED WORKERS ARE BEING REHIRED AS A RESULT OF BUSINESS EXPANSION AND NEW INVESTMENTS
MEDIA RELEASE RETRENCHED WORKERS ARE BEING REHIRED AS A RESULT OF BUSINESS EXPANSION AND NEW INVESTMENTS