Second largest tobacco firm in Malaysia may cut 40% of workers


O’ Rourke: We have entered into consultation process on the matter. As this process is ongoing, we are not yet in a position to comment on or confirm what the potential changes may be here, but will provide further clarity in due course.

PETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant.

According to sources, JT International Bhd (JTI Malaysia) is looking at trimming its workforce by about 40%, or around 170 people, over the next two years.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

JTI , JT International , O'Rourke , downsizing , cut , workforce , close , plant ,

   

Next In Business News

FBM KLCI shows gains at midday, in line with broader Asian rally
Gold inches lower as US jobs data cements bets for smaller rate cut
Foreign funds net sell Malaysian equities as rotation into China's market continues
Ringgit opens marginally higher vs US$ as traders assess Fed's next move
Bursa Malaysia opens with slight rebound as US jobs data beats expectations
Trading ideas: Pestech, Velesto, OCR, SDC, EG, Sanichi, Aneka, MyTech, HeiTech, Parkson, Sime Darby Property
Bright ESG prospects in real estate market
IHH’s hospital acquisition in the spotlight
Northwest China leverages wind power
BoE taps TikTok in quest to reach Gen Z

Others Also Read