Economy Crisis Hits Malaysia

Posted by on Thu, January 22, 2009

▼ A d v e r t i s e m e n t

For the last couple of months I realized that the world economy is heading downwards. Europe and America have had their worst moments, Asia had a taste but Malaysia didn’t really feel anything. To be really honest the first sign I saw was last week when they announced that around 100K people in the manufacturing industry was going to lose their jobs. Maybe I was ignorant enough that I didn’t realize of other related events happening in this country.

Even when that happened, it still has not touched my comfort level. Although I am working in an American company I trust the brand and the business nature enough. I was living my dreams, praying that nothing bad would ever happen.

On Wednesday the morning peace in my office was broken by a rumor that a team is going to be closed and the product they maintain is going to be discontinued. And to think that this was the team I tried to penetrate back in 2007 I was selfish enough to think that I am lucky that I didn’t really join them. At least 6 people left the building in disbelief (exaggeration). Of course they get some kind of compensation but I am not going to talk about it here.

The main reason that made this event scary and were able to shake my comfort wall (not only me!) is the fact that there was no sign, no hint, nothing. It was a sudden move. I have not had the chance to talk to one of them yet but I think they was not warned. Were they?

There is no secure place except if you work with a Government Linked Companies or are a Public Servant. I would like to hear from these people, whether or not they worry about their jobs?

Good luck ex-TRAK I hope you will find better Ruby jobs! We will certainly miss you.

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  • the no sign is the worst part.
    today you’re living your dream, love your work, your company, your colleague. esoknya you’re joblesss.

    really hope they’ll manage to secure new job in the near future.

  • It hasn’t spilled over to Malaysia YET, but it will. Like what ‘the Boss’ said, first US, then Europe, now Asia (China, India). It will be a matter of time when it will hit SEA. Probably gonna be worse that the late 90’s.
    All the best to TRAK.