Ta Win to cut over half of workforce from Sept 11
The group expects the decision to affect approximately 39 employees, representing about 52% of its subsidiary Ta Win Industries (M) Sdn Bhd's total workforce.
Ta Win Holdings Bhd has announced a major workforce reduction at its subsidiary, Ta Win Industries (M) Sdn Bhd, set to commence on September 11. The move affects around 39 employees, comprising roughly half of the company's total workforce. This decision follows a thorough examination of the group's operational efficiency, current market conditions, and long-term viability.
The company aims to streamline its operations, eliminate redundant roles, and improve its cost structure to better match market demands. All affected staff will receive additional support, including career counseling and job placement assistance. While the reduction will have a significant impact on the group's earnings for the fiscal year ending June 30, 2027, through one-off restructuring costs, it is anticipated to bring long-term benefits in terms of cost savings and operational efficiency.
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