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.
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Used to be signs of bad governance. Used to be. Now, no more. Now normal, industries closing shop in penang