Posted by VenFx > 2016-09-27 01:04 | Report Abuse

What the heck is this ?

Posted by tales029 > 2016-09-27 03:02 | Report Abuse

God bless this

Posted by master_tan > 2016-09-27 07:18 | Report Abuse

solar cell is not really as profitable as we thought

Posted by Beza > 2016-09-27 08:35 | Report Abuse

Always remember China exports its products everywhere.

Posted by Bruce88 > 2016-09-27 08:40 | Report Abuse

Some indications of our economy..not a good sign !

Posted by Op3rs > 2016-09-27 09:01 | Report Abuse

oversupply i guess

Posted by moneySIFU > 2016-09-27 09:21 | Report Abuse

Even cost become cheaper due to depreciation of RM also can't help to retain those MNCs, something to think deep.

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In July, it was reported that American hard disk maker Seagate Technology Plc and computer data storage firm Western Digital Corp (WD), would be relocating the bulk of their operations to Thailand. Seagate's Penang facility is said to have over 3,000 Malaysian staff, while WD was expected to lay off 400 Malaysian staff and 800 foreign workers from its Penang manufacturing site.

Read More : http://www.nst.com.my/news/2016/09/176226/another-wave-retrenchments-hits-penang-manufacturing-sector

Posted by Mat Cendana > 2016-09-27 10:59 | Report Abuse

This was written during the night and before the market opened. Good job by @Spencer88 who was alert to this.

Posted by Mini Bull > 2016-09-27 11:00 | Report Abuse

Fundamental not strong company

Posted by Mini Bull > 2016-09-27 11:01 | Report Abuse

can said as
goreng company

Posted by MuttonCurry > 2016-09-27 11:03 | Report Abuse

Warrant on line tomorrow ... u still expect up kah ? Only way turn around is for mgmt come out with statement on production line forward view. The previous annual report on forward demand appears to be tipu2 oledi.

Posted by Mini Bull > 2016-09-27 11:08 | Report Abuse

the 9 production lines is for window dressing

Posted by Mini Bull > 2016-09-27 11:10 | Report Abuse

真真假假

Posted by titus > 2016-09-27 13:19 | Report Abuse

i just hope those retrenched staff find a job soon. Not easy to find work outside nowsday. I have friends that has been laid off since January and still not securing job.

Posted by Johnnys > 2016-09-27 13:21 | Report Abuse

Funny Company, Only 1 production line from day 1 until today, but said got 9....

Posted by Johnnys > 2016-09-27 13:22 | Report Abuse

you can try call their Penang factory, One china Girl pick the phone, you will never reach or communicate other than her.

Posted by mamatede > 2016-09-27 15:46 | Report Abuse

Very sad for the worker, however through retrenchment only will they cut their bottomline cost.. which in turns lead to leaner operations and lower cost and higher profit.

Posted by asdf > 2016-09-27 16:02 | Report Abuse

Do they have workers union?

Posted by cckkpr > 2016-09-27 16:21 | Report Abuse

Union also no point. Take money and go elsewhere. What to fight. No business and no profit. Union only delay the inevitable. Good luck.

Posted by Benjamin_8888 > 2016-09-27 16:35 | Report Abuse

Hope all retrenched staff will get a new job asap

Posted by Unicorn_park > 2016-09-27 16:39 | Report Abuse

Best case - Maybe the company became more technologically efficient in production.

Worst case - The world economy may have reached the point of maturity where demands stalling and declining. So cut cost to maintain profit compromising product quality.

Posted by danny_dsk > 2016-09-27 17:31 | Report Abuse

workers in electronics industry rarely have union backing them...manpower lay off is also a common scene in this industry.