Sunday, November 16, 2008

Coporate Downsizing... Scary.. The Domino Effects

Domino Effects


This is not going to be a good year for Penangites.....

Flextronics 4 days week for Month Nov and Dec.
AMD Penang announced this morning VSS lay off 500 employees.
Spansion force to take leave (5 days in this quarter)
Jabil planned shut down from Dec 24 to Jan 4, will be 6 days leave.
Agilent planned shut down from Dec 24 to Jan 4, will be 6 days leave. Jan09 might have another shutdown. No increment 2008 review.

Intel USA

AMD USA
Jabil USA
Avago no plan shutdown as no more in house production, hiring freeze.
ASE shut down every fortnightly on Monday starting from Nov 3.
Fairchild planned 'Mass Vacation' for 9 days leave in FY08

INTEL – No increment 2008 review, VSS for those under perform and massive cut cost/travel 2009, no shutdown plan yet

Motorola, Penang- Still hiring+profit, suspect got government 'look after', Singapore cellphone plant cut 800 job and now waiting for sale.

Siltera, kulim – Propose close down this Malaysian 1st Fab company, loss RM4billion in 2008

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