Any great man after all is still human. The same goes to any company. When the financial crisis swept across Asia especially in Penang, Malaysia, Intel Corp was supposed to be one of the toughest to stand up against the whatever shutdown, VSS, retrenchment or reallocation. But after one by one US companies announcing their plans for shutdown or downsizing its work force, Intel is finally joining the crowd. After all, they are also just another US company.
Intel Corp’s corporate affairs manager in Penang Loo Cheng Cheng said the two affected facilities, the PG6 and PG7 plants, where manufacturing takes place, were the company’s older and smaller plants. I had a few words with in friends who are currently working in PG7. From what I heard, there will be a few plans moving forward with the plant closure decision. Ongoing projects that will continue will be reallocate to Kulim most likely since top management would like to consolidate everything under the same project in a same site. Furthermore, they want to utilise the new building in Kulim. Those employee working on projects that have been cancelled will be either be reallocate to Kulim or redeploy to other plants in Penang. There will be no retrenchment as a result of these plant closure as announced. How true is it will be remains to be seem.
My oh my, I have quite a few friends affected because of this and I really hope that they will be impacted to the minimum level. Looking at the trend now, the best is to hold on and I mean HOLD REALLY TIGHT to your job....good luck and pray hard for the crisis to be over soon or at least change to the better days...
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