How will workers be affected by the subsidiary closures?

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Workers from Closed PKNP Subsidiaries Will Be Redeployed

Employees of the 27 Perbadanan Kemajuan Negeri Perak (PKNP) subsidiaries that have been shut down will be transferred to other PKNP subsidiary companies. This measure will apply to those subsidiary companies that had existing staff.
Redeployment to Other PKNP Entities
For subsidiary companies that had active personnel, the workers will be integrated into other existing subsidiary companies under the PKNP umbrella. This process ensures that employees are not left without employment due to the closures.
Focus on Non-Performing Entities
The closures specifically targeted subsidiaries identified as non-performing and burdensome, with many having been established recently and lacking significant business activities or staff. In some instances, these companies only had a board of directors and no other employees.
Rationale for Closures
The decision to close these 27 subsidiaries was driven by their failure to conduct business, generate revenue, or contribute to the state government. Their lack of performance and inability to provide returns also placed a burden on the parent company, which was responsible for expenses such as salaries.

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How will workers be affected by the subsidiary closures?

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