45,000 layoffs in Malaysian manufacturing
Malaysian Human Resources Minister Datuk Dr S. Subramaniam has said that he expects as many as 45,000 factory workers to be put onto paid or unpaid leave for at least two weeks as the manufacturing slowdown hits businesses.
Most Recent - This Section
Cardboard Box: Ericsson to cut more workersCardboardBox: US state says employees must go if gambling is not legalised
Borders UK enters administration
UK retail chain Threshers - 2400 jobs to go
Cardboard Box: Fool if you think it's over
Most Recent - Whole Site
BizLawCentral: SEC issues procedings in huge South Florida Ponzi schemeThe Risk Professional: Green Capital Consulting Group
Legal Professional: Baker Mac lawyer guilty of money laundering and securities fraud
Sales and Marketing: shooting oneself in the foot
Business Crime: Dear Mrs Kate Dave: Yes, please. Send it now.
Most Recent - BankingInsuranceSecurities.Com
AML/CFT: a fraud of horrifying simplicitySanctions: USA PATRIOT Act designation 20120522
Sanctions: OFAC Update 20120515
Sanctions: OFAC update 20120508
Sanctions: OFAC Update 20120517
The Minister said that current job losses and job prospects were broadly in balance at 14,000 v 15,000.
But March will see the closure of the largest employer in Kuching, Western Digital.
At that long established factory, it is not uncommon to see three generations working together, and husbands and wives. The effect on the local economy is expected to be devastating in a town with a population of only about 450,000.
Download PDF version of this page
