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
Aviation: Spirit Airlines - is that hand luggage, or am I just pleased to see you?Media: gangs gang up on Village Voice's "Backpage.com" online advertising site
Anti Money Laundering Seminar - Hong Kong - to hear impact on international trading companies
Comms: new mobile app aims to deliver "SuperHD" VOIP for mobiles in Japan
Governance: Murdoch "is not a fit person to exercise the stewardship of a major international company."
Most Recent - BankingInsuranceSecurities.Com
Securities: UK's FSA and USA's SEC co-ordinate in enforcement actionFI Fraud : Phishing - PayPal
Securities: in-house paralegal and father charged with insider trading
Household insurance: Aus market leader deems two town "uninsurable."
Insurance - healthcare: prosecutions in US-wide medicare fraud
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
