How many workers will be directly impacted by the Panasonic closure?

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Approximately 400 workers will be directly impacted by the closure of television production operations at Panasonic AVC Networks Kuala Lumpur Malaysia Sdn Bhd.

The closure of television production operations at Panasonic AVC Networks Kuala Lumpur Malaysia Sdn Bhd (PAVCKM) is set to affect approximately 400 workers. This impact is anticipated by the end of March of the following year.
Details of the Closure
Panasonic Malaysia Sdn Bhd has announced that production operations for two specific products will cease. This decision will lead to the redundancy of around 400 employees. The company has indicated that these changes will take effect by the end of March next year.
Government Intervention and Support
The Selangor state government is planning to meet with the affected workers to discuss potential assistance and explore alternative employment options. State Human Resources Committee chairman V. Papparaidu, along with representatives from the Social Security Organisation (Perkeso), will engage with the workers. This meeting aims to gather information and provide support, including early intervention measures such as food baskets and help in securing new jobs.
Social Security Organisation (Perkeso) Assistance
Perkeso is expected to offer financial protection and support to those who lose their jobs due to retrenchment. This includes a form of insurance that provides payments in stages if workers remain unemployed. The allowance is structured to start at 80 per cent of the worker's salary in the first month, decreasing to 50 per cent in the second month, and then 30 per cent thereafter. This initiative is designed to assist Selangor residents facing retrenchment.

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How many workers will be directly impacted by the Panasonic closure?

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