Ta Win unit to slash workforce by 52pct in cost-cutting move
KUALA LUMPUR: Ta Win Holdings Bhd's subsidiary Ta Win Industries (M) Sdn Bhd will cut 39 jobs, or 52 per cent of its workforce, as part of a cost-cutting exercise.
Ta Win Industries (M) Sdn Bhd, a subsidiary of Ta Win Holdings Bhd, plans to cut 39 jobs, representing 52 percent of its workforce, as part of a cost-cutting initiative. This restructuring exercise, set to commence on September 11, aims to streamline operations, eliminate redundant positions, and reduce costs in response to current market conditions.
The move is expected to have a material impact on the company's earnings for the financial year ending June 30, 2027, although Ta Win anticipates that the job cuts will ultimately lead to substantial cost savings and enhanced operational efficiency. Affected employees will receive career counselling and job placement assistance.
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