FMT : No significant threat of retrenchments despite Goodyear closure, says expert

Analysts are not expecting the job market to see any significant retrenchment exercises after unemployment rates remained largely stable between December 2023 and January this year.

“With the recent (announcement of) plans to close the Goodyear tyre factory, many Malaysians may fear that their jobs could be next. However, the Goodyear factory situation is more of a natural progression of things,” Bait Al-Amanah analyst Yugendran Sivakumaran told FMT.

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