Voluntary liquidation strictly for business, to save Utusan brand, say former group chief editor

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KUALA LUMPUR (Bernama): The decision by Utusan Melayu management to choose creditors’ voluntary liquidation of the newspaper is to save the newspaper's brand and license, says Tan Sri Johan Jaafar.

KUALA LUMPUR : The decision by Utusan Melayu management to choose creditors’ voluntary liquidation of the newspaper is to save the newspaper's brand and license, says Tan Sri Johan JaafarThe former Utusan Melayu group chief editor also alleged that it only looked at the business interest even though more than 800 employees lost their jobs in an instant due to the decision.

"In this process, what is saved is the brand name and newspaper licence but welfare was not given any consideration. It was strictly for business. Apart from that, Johan, who managed the newspaper in the 1990s, said he was sad personally to see the fate that befell the country's oldest newspaper.

 

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