World · Malaysia Bureau
Ta Win to cut over half its workforce from mid-September
Malaysian subsidiary Ta Win Industries (M) Sdn Bhd will reduce its headcount by approximately 52 per cent, affecting around 39 employees. The decision takes effect from September 11.
LSN Malaysia ·
Ta Win Industries (M) Sdn Bhd, a subsidiary of the Ta Win group, will implement a significant workforce reduction affecting roughly half its staff complement.
The decision will impact approximately 39 employees, representing about 52 per cent of the subsidiary's total workforce. The retrenchment is scheduled to commence on September 11.
The group's move reflects broader economic pressures facing Malaysian manufacturers and industrial operations. Details regarding retrenchment packages and affected departments have not been disclosed.
Ta Win Industries (M) Sdn Bhd joins a growing list of Malaysian companies adjusting their operational footprint amid challenging market conditions. The subsidiary operates within Malaysia's manufacturing and industrial sectors.