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German firms staying put in Malaysia

GEORGE TOWN: The 420 German companies in Malaysia which employ more than 35,000 workers, plan to maintain their operations in this country despite the global economic slowdown, its envoy said.
"Even though they are suffering, many are streamlining and consolidating their operations. However, there are no plans to relocate or close operations in Penang," he said during a courtesy call on Chief Minister Lim Guan Eng. Gruber described the 35,000 jobs in the German companies as innovative and well paying.

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