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KUALA LUMPUR: Panasonic Manufacturing
Malaysia Bhd has announced the closure of two product manufacturing departments at its Shah Alam 1 plant.
In response to a recent news article, the electrical appliances manufacturer said none of the other departments or plants have been affected.
Panasonic said in a statement the closure of the facilities was in line with a rationalisation exercise and business restructuring completed on March 31, 2023.
Accordingly, it said a nominal number of employees within the affected departments were provided with the option of a mutual separation scheme (MSS).
Panasonic said a significant number of the affected staff voluntarily accepted the MSS option.
“As an organisation dedicated to maintaining a culture of respect and responsibility, we have been engaging closely with our employees on this matter while providing assistance and support throughout the process.
“During this rationalisation exercise, those employees who opted for the MSS have received fair and equitable compensation packages which are above industry norms,” it said.
Meanwhile, employees who did not opt for the MSS have been provided with an offer to be transferred to other relevant departments within the company, in positions that suit their skill sets and potential for growth.
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