Latest News on Retrenchment and News Release on Initiatives by PSMB

21 July 2017
237 staff affected as Tien Wah Press (Malaya) shuts printing business
Tien Wah Press (Malaya) (TWPM), a wholly owned subsidiary of Tien Wah Press Holdings (TWPH), is closing down it’s printing business in Petaling Jaya. A total of 237 employees are expected to be made redundant. In the statutory filing with Bursa Malaysia, yesterday, the board of directors of TWPH said the “proposed cessation” is “in line with the group’s re-organisation of its production footprint which is part of normal routine operational function to improve the group’s strategic positioning to service the customers and reduce operating cost over the longer term.”
07 July 2017
These Global Factories In Malaysia Will All Shut Down By The End Of 2017
From the popular Korean BBQ chain Bulgogi Brothers to the Michelin-star-awarded restaurant Tim Ho Wan, the challenging markets appear to spare no one. Many people have begun to ask, "Who is next?" However, it is not just the F&B (food and beverage) businesses that have pulled out of the Malaysian market as quite a number of foreign companies from the different industries such as finance and insurance have exited the country in recent times. By the end of last year, it was reported that the Royal Bank of Scotland (RBS) wind down its business in Malaysia after more than 120 years operating in the country while Manulife Global shut down its technology services department based in Malaysia.
07 July 2017
Union claims HSBC Malaysia forcing staff to leave via VSS
KUALA LUMPUR, July 7 — HSBC Malaysia is allegedly forcing its employees here to leave the bank through the Voluntary Separation Scheme (VSS) despite the scheme's voluntary nature, National Union of Bank Employees (NUBE) has claimed. NUBE general secretary J. Solomon claimed that HSBC employees affected by the VSS scheme come from the "senior lowest-income group" and that they are replaced at the same time by new hires.
07 July 2017
Microsoft’s overhaul will affect Malaysia, says source
PETALING JAYA: Microsoft’s plans to reorganise its company will likely affect Malaysia as well, says a source familiar with the matter. “They’ve been talking about this since last year,” the source said. “I don’t know how many employees exactly will be affected in the region, globally or in Malaysia, but it is expected to be more than 2,000.” The source said the plan to reorganise had been in Microsoft’s annual 10-K report last year, adding that it was normal for Microsoft to optimise its resources from time to time. The 10-K report is an annual filing that publicly traded companies in the US are required to send to the Securities and Exchange Commission.
04 July 2017
Group wants job insurance to also cover workers who quit or are fired - Malay mail Online
KUALA LUMPUR, July 4 ― Putrajaya’s proposed Employment Insurance System (EIS) should be extended to included workers who resign or are terminated, said a think-tank. Political Studies for Change (KPRU), in a policy paper on EIS, said the scheme’s protection should go beyond retrenched workers only, as this would allow the programme to promote social mobility among lower income groups. “With these, we would like to suggest that those who resigned or voluntarily retrenched, as well as some of those who were fired, should be considered for EIS protection on a case-by-case basis,” KPRU said in its policy paper, which was released by its executive director Ooi Heng.
04 July 2017
Employment Insurance system for productivity - New Straits Times
THE Employment Insurance System (EIS), to be implemented next year, is said to benefit about 6.5 million local employees (current count) in the private sector. However, one hears concerns among many quarters. Among the questions frequently asked include: why do we need EIS when Malaysia has retrenchment benefits and the Human Resources Development Fund (HRDF)? EIS will add to the cost of doing business and be an added burden to the workers. Is this the right time to introduce labour market reform when our economy is challenged on many fronts? Why fix it if it ain’t broken? As a backdrop, several years ago, a group of wise individuals were assembled to diagnose the economy that experienced a step-down in the growth trajectory post the 1997 Asian Financial Crisis (AFC).
04 July 2017
Two Tim Ho Wan Outlets In Malaysia Have Closed Down
Tim Ho Wan is a Hong Kong-based chain famous for being one of the 'world's cheapest Michelin-star awarded restaurant'. The first outlet in Malaysia was opened at the Mid Valley Megamall in November 2014. Following the success of the first outlet, a second outlet was opened at another mall, 1 Utama, just a few months later in April 2015. Unfortunately, fans will no longer get the chance to dine at their favourite dim sum restaurants now that both outlets have ceased business operations.
21 June 2017
15 Caltex Petrol Stations To Close Down End Of This Month - Malaysian Digest . com
SHAH ALAM: The unemployment statistics in Malaysia will see an increase of 200 individuals as 15 Caltex petrol stations will be shut down after the Aidilfitri festivity. The operators of the 15 petrol stations shared in a press conference yesterday that they are in the dark as to why they were asked to cease operations by June 30, FMT reports. According to Fauziah Ahmad Fadzil, Caltex Malaysia issued out a termination letter on 15 May to all 15 operators without – failing to state any reason behind the decision. “We tried to discuss the matter with Caltex to iron out the issue, but they refused to meet us,” said the woman who has been managing the Caltex station in Sungai Buloh for 17 years at the press conference.
20 June 2017
What Everyone Must Know About Industry 4.0
First came steam and the first machines that mechanized some of the work our ancestors did. Next was electricity, the assembly line and the birth of mass production. The third era of industry came about with the advent of computers and the beginnings of automation, when robots and machines began to replace human workers on those assembly lines.
15 June 2017
How to prepare for the fourth industrial revolution, now - Malay Mail Online
KUALA LUMPUR, June 15 — By 2050, virtually all industries from banking to manufacturing will be integrating digitised automation and robotics, economists predict. Malaysian businesses that want to survive, let alone thrive in this new industrial revolution age, also known as IR4 or “Industry 4.0”, would do well to invest in training to improve their workers’ skills, the Human Resources Development Fund (HRDF) said. “Employers who are hesitant to train their staff for fear of losing them to their competitors or of losing out financially have to approach training their workforce as a form of investment rather than expense,” its chief executive officer Datuk CM Vignaesvaran Jeyandran told Malay Mail Online in a recent interview.
14 June 2017
Report: Job glut in manufacturing, retail, finance sectors
PETALING JAYA: The job sector is challenging for the thousands of fresh graduates looking to start putting what they have learnt to good use, and according to a human resources trade journal, its tougher for some industries with an oversupply of candidates. Human Resources Online (HRO), which serves the HR management community in Malaysia and Singapore reports the manufacturing, wholesale and retail, as well as finance and insurance sectors may have an oversupply. “Thanks to disruptive technology and the challenging economy, these industries (which were last year’s top retrenched fields) continue to have too many workers.
13 June 2017
Human resources managers listed as critical occupation in Malaysia
The Critical Occupations List (COL) 2016/2017, which covers 10 key sectors in Malaysia, has highlighted human resources managers as part of the professions that are “critical”. Under the COL, which is issued by Talent Corporation Malaysia, some job titles include human resource manager, training manager, industrial relations manager, occupational safety and health manager, personnel manager, recruitment manager, learning and organisation development manager, compensation and benefits manager, as well as talent and organisation performance manager.
11 June 2017
Those in prestigious professions still a sought-after lot - The Star
PETALING JAYA: Traditionally prestigious professions still have it – those in these jobs remain sought-after today, although their counterparts in the digital industry are in high demand. Despite talk of a glut, medical specialists, accountants, engineers, architects, clinical psychiatrists, psychologists, pharmacists and dentists are still much needed in the country.
27 May 2017
Re-skilling programme to assist unemployed workers
KOTA KINABALU: Faris Suhaimi has done his fair share of serving food and drinks as well as cleaning tables. Most of those whom he had served would not have known that the person bringing them their food was a qualified pilot. That was some four years ago and Faris had graduated from a a flying school and wasa commercial pilot licence holder. But jobs for newly trained pilots were scarce as airlines were not hiring then. It was the same situation for Fairuz Arina Ahmad, also 26, who found work in an online store as well as a company offering IT technical support.
20 May 2017
Former High-5 workers face another gloomy Raya - Free Malaysia Today
KUALA LUMPUR: Mohd Manaf Mansor endured a difficult Ramadan and Hari Raya last year. This year, it looks just as bleak. The father of four fell on hard times after the bread company he was working with for 14 years decided he was among those who would be retrenched. Worse yet, he did not receive any compensation. Already 45 years old, Manaf is finding it tough to secure a permanent job now. Luckily, his wife works as a clerk in a local bank.
04 May 2017
Ikea Tebrau offers more than 250 job opportunities - Malay Mail Online
JOHOR BARU, April 29 — Ikea, which is slated to open its third store here by year-end, is ready to hire staff. In a statement, the Swedish company said it would be offering permanent positions such as food and beverage assistants, sales assistants, customer relations assistants, warehouse assistants or forklift drivers and recovery assistants. Ikea Tebrau will be hosting a three-day job fair from May 5-7 from 9am to 5pm at the KSL Hotel and Resort, Taman Abad, Johor Baru.
03 May 2017
Switching jobs healthy and acceptable, bosses told - Malay Mail Online
KUALA LUMPUR, May 3 — Multiple career transition is healthy and acceptable for those looking for career advancement. Talent acquisition specialist Vera Lowe said employees should branch out and not get complacent working at the same place. “Changing jobs would allow people to learn new skills and be exposed to different environments,” she said.
03 May 2017
SOBA 2017 sponsors and partners in sync with awards’ aim to boost SMEs
The Star Outstanding Business Awards (SOBA) returns and is now in its eighth year. SOBA, which was recently launched at Menara Star in Petaling Jaya, together with a sponsorship/partnership presentation, has the support of AmBank and Credit Guarantee Corporation as returning sponsors while DiGi and Human Resources Development Fund (HRDF) are onboard as first-time sponsors. Digi Marketing Enterprise Business channel development head Sim Kok Soon said SOBA was a great platform as SMEs were among its clientele.
25 April 2017
Reconsider Employment Insurance Scheme, Putrajaya urged - Free Malaysia Today
KUALA LUMPUR: The Malaysian Association of Hotels (MAH) wants the government to reconsider the Employment Insurance Scheme (EIS), which it describes as “flawed”. Speaking to FMT, association president Cheah Swee Hee also said the timing for the scheme was also bad as the industry was suffering from higher overheads and lower occupancy rates. Nowadays, Cheah said, the average occupancy rate of hotels was a mere 30-40%
24 April 2017
Dedah dunia kerja sebenar - Metro
Samarahan: Peluang pekerjaan semakin terhad, persaingan pula kian sengit akibat lambakan graduan di negara ini yang menyumbang kepada kadar pengangguran. Dianggarkan 300,000 graduan di negara ini masih menganggur selepas menamatkan pengajian di universiti dan kolej. Ia bukan saja berpunca daripada persaingan bahkan ramai graduan hilang punca memilih karier yang sesuai dengan bidang pengajian.