Lower pressure on firms to ramp up production

TheStar Mon, Mar 25, 2024 12:00am - 1 month View Original


An aerial view of the Bayan Lepas Industrial Zone. — Filepic

GEORGE TOWN: The investments entering Penang have yet to exacerbate the labour shortage situation due to the poor global demand.

As the global demand levelled off, the pressure on local companies to engage more workers to ramp production has reduced, according to The Free Industrial Zone, Penang, Companies’ Association president David Lacey.

“However, the manufacturing industry is subjected to cyclical swings, especially the electrical and electronics (E&E) sector, which is volatile.

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