KUALA LUMPUR: Ta Win Holdings Bhd
announced today that its wholly-owned subsidiary, Ta Win Industries (M) Sdn Bhd, will be undertaking a workforce rationalisation exercise from Sept 11, 2026.
It is expected to affect approximately 39 employees, representing about 52 per cent of TWI’s total workforce, said the group in a Bursa Malaysia filing.
"The decision was made following a comprehensive review of the group’s operational efficiency, prevailing market conditions, and long-term sustainability.
"The exercise is intended to streamline operations, merge functions, eliminate redundancies, enhance
the group’s cost structure and overall financial performance, and to better align the group’s cost structure with current market demand,” it said.
Ta Win said, following a comprehensive review of staffing requirements across its operations, certain roles and functions have been identified as redundant.
The company said all affected employees will be provided with additional support, including career counselling and job placement assistance.
The exercise is expected to have a material effect on the group’s earnings for the financial year ending June 30, 2027, primarily due to the recognition of one-off restructuring costs.
"Nevertheless, the exercise is anticipated to contribute positively to the group’s cost savings and operational efficiency over the longer term,” it added. - Bernama
