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PAS : KE ARAH PEMERINTAHAN ISLAM YANG ADIL
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Subject: Latest Info on retrenchment
> > > > Worldwide numbers update.:
> > > >
> > > > > a) COMPAQ- already faced with precarious global mkts, falling
PC
> > > > prices and stock price decline,Compaq on Mar/15 cuts its outlook
for
> >the
> > > > current first quarter and said it would lay off some 5,000
workers.
> > > > b) MOTOROLA -PHONE , the world's no.2 mobile phone maker said
on
> > > > Mar/13 ,it will cut another 7,000 jobs as it struggles to
strengthen
> >its
> > > > cellphone unit amid an industry-wide slowdown in sales.
> > > > c) MOTOROLA-SEMICONDUCTOR , announced that it would cut up to
> > > > 4,000jobs from the global semiconductor mfg business.
> > > > d) NORTEL -the world's no. 1 telecommunications equipment mfg
> > > > ordered employees in an internal memo dated Mar/8 and obtained
by
> > > > Reuters to elimate costs in the face of gloomy growth prospects
.The
> > > > company said it would cut 10,000 jobs.
> > > > e)CISCO - the US internet giant announced recently it was laying
off
> > > > up to 5,000 permanent employees and cut 3,000 contract workers.
f)
> > > > ORACLE - the world's second software maker said on Thursday that
> > > > it was controlling costs to cushion the effects of the
> >economicdownturn
> > > > and would continue to reduce the size of its staff.
> > > >
> > > > g)CREATIVE- the computer peripheral maker has announced an
> > > > aggressive cost cutting exercise that include slashing staff by
10%
ww
> > > > 5,000 and closing a US mfg facility.
> > > > Meaning about 500 people affected.
> > > > h) Solectron -the worls's largest CM is cutting 10% of the
global
> > > > jobs.Solectron chairman Koichi Nishimura siad 8,200 of the
79,000
> > > > employees were laid off.
> > > > i) INTEL -Announced on mar/15 that it would cut 5000....about 6
> > > > percent of its work force over the next 9 months.
> > > > FYI, some new info received this few days to share with
> > > > you guys.Anyway everyone is aware of the downturn situation
faced by
> > > > the US technology companies. Many said that it has not yet
> > > > touch rock bottom and perhaps for Malaysia the effect will
> > > > only be felt in the next 3-6 mths. Let's hope that there will
> > > > be a bouncing effect within the predicted period.
> > > > 1.) Seagate top management held their meeting in Bangkok 3 week
> > > > ago, at first, they are only focus on 4 Asia hard disk plant
which
> > > > is 2 in China,1 in Singapore and 1 in Prai, finally, the
decision
> > > > announced are 1 China plant and also Prai plant shut down (total
2
> > > > plant close down,it may due to mainly top management higher post
are
> > > > Singaporean, even though locate the mfg plant compare with Prai
are
> > > > higher, they try to..........protect Singaporean). Estimate to
> > > > happen in June 2001.
> > > >
> > > > Seagate is closing the Prai factory only....and moving the
operation
> > > > to S'pore.The plant is producing too few hard-drives to make it
> > > > feasible to exist.
> > > > 2) Motorola plant at P.J will be closed down , 4,000 employees
> > > > suffer.
> > > > 3) Acer consider to locate more order back to M'sia, however,
they
> > > > short of a lot Engineer's and cause the plan to be cancelled.
> > > > 4)Solectron and Jabil has a big order cancelled from Cisco...due
to
> > > > slow-down and inventory problem. Solectron has plant no. 2 built
up
> > > > (about 25-30% of their floor space just for Cisco and Jabil has
> > > > built a hugh extention for this customer too. Cisco is relooking
at
> >the
> > > > figures again.
> > > >
> > > > 4)Claim that the cost of producing here is not much of a
savings
> > > > compared to US. Dell is laying off in US only, while expanding
in
> > > > Penang and China.
> > > > 5)Komag - is very badly hit. They produce hard-disk media. Due
to
> > > > technology advancement, hard-disk now come in just only platter
(20G
> > > > for PC)instead of 3to 4 platters - meaning a drop of 75% of biz.
They
> > > > should have retrenched 6 to 9 mths ago.
> > > > 6)Celestica Kulim - they are living on OEM PCB biz from solely
> > > > Maxtor. Now that hard-disk biz is still in the duldrum, they
find it
> > > > hard to operate. Unless they can find other customers otherwise
they
> > > > would have to consolidate back to their bigger operation in
Thailand.
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