MNCs in Penang pledge not to lay off workers

Posted by YB. R.S.N. Rayer at 10:34 PM

GEORGE TOWN: Multinational corporations (MNCs) in Penang, which are already experiencing 20% to 40% reduction in their orders over the past two quarters, have no intention of retrenching their workers.

Penang Chief Minister Lim Guan Eng said except for a couple of MNCs, which may have to lay off a "few hundreds" workers, the rest had pledged to maintain their workforce despite the economic slowdown.