Tuesday, December 16, 2008

Penang factories mass shut down during this bad time... updated(Malaysia companies)

.; .Information updated: Malaysian companies (may see up to 6.5% unemployment)

Sony - shutdown 25 Dec till 6th Jan 09 in their Bangi plant
San Disk - announced layoff 450-500 employees
Flextronics - 4 days week for Month Nov and Dec.
AMD Penang - announced this morning VSS layoff 500 employees.
Spansion - force to take leave (5 days in this quarter)
Jabil - planned shut down from Dec 24 to Jan 4, will be 6 days leave.
Agilent - planned shut down from Dec 24 to Jan 4, will be 6 days leave. Jan 09 might have another shutdown. No increment 2008 review.
Avago - no plan shutdown as no more in house production, hiring freeze.
ASE - shut down every fortnightly on Monday starting from Nov 3.
Fairchild - planned forced 'Mass Vacation' for 9 days leave in Feb 08
INTEL - No increment 2008 review, VSS for those under perform and massive cut cost/travel 2009, no shutdown plan yet
Motorola, Penang - Still hiring + profit, suspect got government 'look after', Motorola Singapore Cellular hone plant closure... cut 800 job and now waiting for buyer.
Siltera, Kulim - Propose close down this Malaysian 1st wafer fab company, loss RM4 billion in 2008

Malaysian Government expect Singapore plant shutdown and job cuts affecting 300,000 Malaysian workers jobless
Globally the Financial sector will see 300,000 to 350,000 employees losing their job by mid 2009.

Citigroup already announced 53,000 job cuts on top of the 22,000 announced earlier (Total 75,000)
ST-NXP Wireless cuts 500 jobs World-Wide, including subcontractors, from the current total of more than 7500 people.

Flextronics cuts 118 jobs in Limerick, Ireland
The job cuts were confirmed during this weekend. Flextronics has announced that the company will cut around 100 jobs at the Limerick plant, said RTE. The reason for the cut backs is due to the global economic downturn.
Flextronics employs around 300 staff at the Limerick facility, which provides warehousing and logistics services to a number of companies in the region.

Dell lays off 700 in Ireland
The Dell facility in Raheen, Limerick is to layoff 700 temporary workers. Additional to that, Flextronics in Limerick is also rumoured to layoff 100 staff.
Mary Coughlan, Irish Minister for Enterprise, Trade and Employment, met with members of Dell's senior management to discuss the future of 3000 employees at the manufacturing facility in Limerick.
STMicro to lay off at Phoenix facility
Switzerland based chip maker STMicroelectronics is to layoff staff at its Phoenix, Arizona facility
Local news reports state that the chip maker will lay off 100 staff. The facility - which currently employs around 850 staff - will experience an ongoing layoff process.
A central cites spokesman Mike Michael Markowitz in saying that "about 100 of the plant's 850 workers were let go this week and that the process would continue".
Last year, the company announced closure plans for 3 American chip facilities and that chip manufacturing would be transferred to low-cost locations. Staff and management hoped for a buyer to keep the plant open.
Dell workers asked to take unpaid vacation
Media reports state that CEO Michael Dell - of computer giant Dell - has asked employees to consider taking a maximum of 5 days unpaid holidays. As reported earlier, Dell is currently running a restructuring programme to counteract the economic and financial downturn including selling off all manufacturing plants and concentrate on R&D.
This include 8,900 job cuts, voluntary severance packages and a global hiring freeze. "We are asking employees on a voluntary basis to consider taking off (up to) five days ... as unpaid time off as a flexible way to reduce costs for the company," the CEO was cited in a Reuters report in saying.

Tele-Fonika Kable to cut 900
Polish based cable and wire producer Tele-Fonika Kable plans to lay of 900 employees or 19% of its workforce. The lay offs will affect all production units across the group. The company has seven plants, of which five are located in Poland, said PB. Tele-Fonika Kable also plans to sell parts of its business, however it will not close down any plants. The company wishes to optimize production process and reduce costs.

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