How many Utusan employees accepted the voluntary separation scheme?

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Approximately 800 Utusan employees accepted the voluntary separation scheme.

As of December 2018, close to 800 employees of Utusan Malaysia had accepted a voluntary separation scheme (VSS). This scheme was implemented as part of the company's broader cost-cutting measures. The payments for these employees who opted for the VSS were also reportedly delayed.
Voluntary Separation Scheme Implementation
The voluntary separation scheme was offered by Utusan Malaysia's management to many of its workers. The intention behind offering the VSS was to reduce operational costs for the company. However, a significant issue arose concerning the timely disbursement of the promised severance sums to those who accepted the scheme.
Delayed Payments for VSS Recipients
Employees who accepted the VSS faced delays in receiving their severance packages. This delay contributed to the financial strain experienced by many former staff members. The situation highlights the financial difficulties faced by the publication and its impact on its workforce.
Broader Financial Difficulties
The VSS and delayed payments are symptomatic of the Utusan Group's wider financial challenges. The group, which publishes both Utusan Malaysia and Kosmo!, was reportedly in PN17 status on the Malaysian Stock Exchange. This status is typically assigned to companies that fail to meet regulatory requirements, such as settling outstanding debts, which in this case included nearly RM1.2 million owed to two banks.

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How many Utusan employees accepted the voluntary separation scheme?

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