Saturday, August 8, 2009

Retrenchment Rate Drops In Penang

PENANG, Aug 7 (Bernama) -- The increase in business orders in the state's manufacturing industry has helped to reduce the number of retrenchments, state Labour Department Director Hoe Lean Fatt said Friday.

He said the number of retrenchments so far this year had dropped to 2,663 from 3,011 for the corresponding period last year due to more business orders and the need for more employees in the manufacturing industry.

The number of job replacements was higher than retrenchments, meaning that most employees who were laid off had managed to find new jobs, he told reporters after launching the state-level Job Replacement Programme here.

Hoe also said that the job-matching Programme which would be held at Dewan Millennium, Kepala Batas, on Aug 15, would offer 3,000 vacancies from 60 companies in the manufacturing and service sectors.


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