A number of prominent factories in Penang, northern Malaysia have begun cutting their expenditures by temporarily shutting down their plants and letting their staff go for forced leave.
Unconfirmed sources indicated that Agilent Technologies, Flextronics, Jabil Circuit, AMD, Spansion and ASE Electronics are among those which are ready to shut their plants between November and December.
The [...]

Despite the unforgiving economic downturn, the Human Resource Minister of Malaysia, Datuk Dr S Subramaniam has come up with an assurance that the government does not intend to retrench its workers who are serving the public.
According to Subramaniam, both permanent and contract staff with the government are safe from lay off and mass termination.
In the [...]

After Singapore, it is Germany’s turn now to slip into recession after its quarterly GDP growth tumbling helplessly to its second consecutive contractions.
It became the second country from the European continent to have fallen into a technical economic downturn after Ireland.
The country’s largest corporations are now in panic as major losses and retrenchment exercises seem [...]

In a research undertaken to measure gender gap disparity, Norway has come on top and has been ranked as the best country for women in the world.
Norway was trailed by 2 of its European counterparts, Finland and Sweden, followed by Sweden, Iceland and New Zealand. Last year, Sweden was ranked first, ahead of Norway.
In a [...]