Datuk Seri Lee Kah Choon said it is normal for companies including factories to carry out human resource restructuring exercises to meet market demands. — Picture by KE Ooi
He said it is normal for companies to evaluate market conditions before conducting exercises such as transfers, reassignment of tasks, voluntary separation scheme , freeze on overtime and other measures. “About 98 per cent of the Penang working population is currently gainfully employed,” he said in a statement issued today.
Penang Gerakan chairman Oh Tong Keong issued a statement earlier today listing 10 factories that are conducting various cost reduction measures.
Used to be signs of bad governance. Used to be. Now, no more. Now normal, industries closing shop in penang
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