Layoff For Another Penang Factory

Venture Electronics (M) Sdn Bhd, an electronic services company operating in Bayan Lepas, Penang, has terminated 70 management staff, including senior managers, signaling more bad news to those working in the northern state at the moment.

Letters indicating the termination were disseminated to the affected employees, stating that their employment ceased on December 2008.

It also indicated that the employees involved in the lay off would be compensated according to the Malaysia Employment Act 1955.

The decision for the layoff come in the wake of turbulent economic condition and as the company is embattled with getting back to profitability.

An EMS (Electronic Manufacturing Services) company, Venture Electronics, which also belongs to the Venture Corporation Limited of Singapore, provides design, testing and manufacturing services to other clients, and has been operating in Butterworth since 1990s. Hewlett Packard (HP), Agilent Technologies, IBM and Intermec are some of their clients. Venture Electronics was formerly known as Iomega (M) Sdn Bhd.

An EMS or Electronic Manufacturing Services company is a type of company that undertakes the outsourcing job to produce, manufacture and distribute the products on behalf of another company, allowing its customer to focus on its core competencies and business.

Apart from Penang, the Venture group operates its factories in Johor (Malaysia), China, United States and Europe. For some of the employees affected with the retrenchment, the timing of the layoff could have not been worse as some of their children are starting new school term in the next few weeks.

Other posts you may want to read:

1. Intel to Shut Down Penang Plants
2. Dell May Sell Penang Factory
3. Another Penang Shut Down
4. No Job Loss in Intel Penang Closure
5. Nikko Electronics Lands Into Trouble
6. Nikko Penang Closed, 950 Lose Jobs
7. Penang Factories Shutting Down Plants
8. Action Against Sungai Petani Factory

Author's bio: Zul is the founder and principal contributor for the SKOR Career blog. He is the author of two books, The Malaysian Job Seeker's Dilemma and Buat Duit Tanpa Kerja Makan Gaji (How to Make Money Without a Job), available in major book stores nationwide. You can reach him at zulkiflimusa[at]gmail.com.