Folks,
Fairchild Semiconductor has expressed its intention to close its operations in West Jordan, Utah (US), Bucheon, Korea and Penang, Malaysia.
This was notified by Invest-in-Penang Bhd (Invest Penang) Director Datuk Lee Kah Choon.
He said that Fairchild's plan to consolidate its operation is "regrettable".
As for the staff retrenchment (or downsizing), Invest Penang said that it is in constant contact with Fairchild to offer job placement options for affected staff, job counselling and other assistance.
"We however take heart that through new investments in Penang as well as expansion and re-investment by existing investors, the job market in the state remains positive," Lee said in a statement yesterday.
As at July 31, 2014, there are some 11,759 jobs available in Penang.
Fairchild Semiconductor has expressed its intention to close its operations in West Jordan, Utah (US), Bucheon, Korea and Penang, Malaysia.
This was notified by Invest-in-Penang Bhd (Invest Penang) Director Datuk Lee Kah Choon.
He said that Fairchild's plan to consolidate its operation is "regrettable".
As for the staff retrenchment (or downsizing), Invest Penang said that it is in constant contact with Fairchild to offer job placement options for affected staff, job counselling and other assistance.
"We however take heart that through new investments in Penang as well as expansion and re-investment by existing investors, the job market in the state remains positive," Lee said in a statement yesterday.
As at July 31, 2014, there are some 11,759 jobs available in Penang.
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