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did u notice that top gloves employees is around 10k++ in comparison to 18k++ back to pre COVID years? the total running production now is around 72 billion annually in comparison to around 70 billions back in 2019. it has already reduced its workforce thru automation for the past 5 years
Big hit especially the OT rates (where applicable) and can affect re-rating despite improved QR profit recently. Applies to all PLC manufacturers in Malaysia. Automation will be key and critical.
