Malaysia in particular the manufacturing of electronic and electrical industry by the turmoil in global financial effect of the full impact of production 40%

According to Malaysia's Nanyang Siang Pau from the Federation of Malaysian Manufacturers (FMM) to obtain vendor's survey, the global effect of the financial turmoil has been the proliferation of all-round, the country's export-oriented manufacturing sector, particularly electronic and electrical industry is bearing the brunt of the Sharp drop in orders at home and abroad, many electronics manufacturers have been taken to reduce the number of working days per week, cutting overtime, to allow staff in the Christmas vacation, or simply put a moratorium on the production and other measures to reduce the costs. Since November, most of the manufacturers of electronic production of up to 40%. As the domestic horse to be shrinking, manufacturers forecast over the next 1-2 months, the country's nearly 80% of the export-oriented manufacturers may inevitably be subject to a further reduction to the pains of the transition.
Malaysia is currently the world's sixth largest exporter of semiconductors, with the crisis in the global financial crisis spread, leading to an advanced economy on the brink of a recession or sharp slowdown in the edge of the Malaysian electronics industry has a direct impact. The local electronics industry in Malaysia with more than 200,000 employees, of which 17 domestic U.S. electronics factory employee (55,000 to 65,000) to about 33% of the total. To (2007) in U.S. exports of electronics factory Member (RM 73,800,000,000) Malaysia accounted for electronic products and electrical appliances 27.7 percent of total exports, manufactured goods and Malaysia accounted for 16.3 percent of total exports.
On the other hand, financial turmoil has led to the slowdown in economic growth in Malaysia, Malaysian Association of employers expect next year will be the full effect of fermentation. It is understood that the Malaysian automotive, electronic and electrical equipment industry has begun the abolition of the expiry of the contract workers, and amenities such as repatriation. FMM's survey also showed that more than 70% of the manufacturers admit that their investment has suffered the negative impact will occur next year and layoffs. In fact, one in Penang has more than 2 abolished in the electronics industry employees, most of the companies also have implemented an employee severance program; the state's two other steel mills are also the financial impact of the tsunami suspended for the time being.