Panasonic remains committed to continual Investment in Malaysia by Malaysiakini on 28 July 2023

Business expansion including new R&D for commercial air-conditioners, air-to-water heat pump systems and automotive capacitors business investments in Klang Valley, says Panasonic.

Contrary to recent media reports on Panasonic sunseƫting its operations in Malaysia, the company remains firmly committed to continually investing in the country and contributing to its economy and people.

Panasonic considers Malaysia a critical and strategic regional hub and a strong investment destination.

As of March 2023, Panasonic has around 18,000 employees across various business entities in Malaysia, including high-value manufacturing, R&D, and headquarters operations.

In manufacturing alone, Panasonic employs close to 16,800 workforce. Panasonic Group’s contribution to Malaysia’s GDP is approximately 1 percent, and its total capital investment in Malaysia amounted to RM1.23 billion as of March 31, 2023.

Panasonic will be looking to strengthen its business in areas expecting further growth, such as automotive, environmental, and health and well-being.

Near-term business expansion in the country includes a new R&D building for commercial air-conditioners and air-to-water heat pump systems as well as increased production of automotive capacitors in the Klang Valley.

After much deliberation, the decision to shutter two Panasonic Manufacturing Malaysia Berhad’s departments—rice cooker and small kitchen appliances were made to align with the Group’s global production and strategic growth plans.

The move was also to enhance operational efficiency. The closures were not related to the lawsuits involving employees and suppliers as alleged in some media reports.

The rationalisation exercise affected 223 employees. Of these, 95 opted for the mutual separation scheme (MSS) and the remaining 128 were reassigned to other departments. Those who opted for the MSS received fair and equitable compensation packages.

At the same time, those who were reassigned have been given opportunities for reskilling and training to help them pick up new capabilities and advance in their careers.

Panasonic is continuously looking to develop and expand its businesses in pro-enterprise environments, both in the region and globally, which align with its policies and strategies.

By Panasonic Manufacturing Malaysia Berhad in regards to Malaysiakini Article on 1 June 2023

Media Statement

By Panasonic Manufacturing Malaysia Berhad in regards to Malaysiakini Article on 1 June 2023

As we operate in an increasingly complex environment, Panasonic Manufacturing Malaysia Berhad constantly looks at how we can best adapt and navigate to maximise business efficiencies and grow the company sustainably. The strategies undertaken are thoroughly thought out and any decisions regarding our workforce are made with the utmost consideration and deliberation.

We completed a rationalisation exercise and business restructuring on 31 March 2023. This was in-line with the closure of two product manufacturing departments at the Shah Alam 1 (SA1) plant only. No other plants or departments other than the one stated are affected.

A nominal number of employees within the affected departments were provided with the option of a Mutual Separation Scheme (MSS), and a significant proportion of them voluntarily opted for this opportunity. As an organisation dedicated to maintaining a culture of respect and responsibility, we have been engaging closely with our employees on this matter while providing assistance and support throughout the process. During this rationalisation exercise, those employees who opted for the MSS have received fair and equitable compensation packages which are above industry norms. For the remaining number of employees who did not opt for the MSS, our Human Resource department has provided them with an offer to be transferred to other relevant departments within Panasonic Manufacturing Malaysia Berhad, in positions that suit their skill sets and potential for growth.

Regarding the query on the lawsuits filed in 2016 and 2017, we would like to inform that the same have been successfully resolved. For clarity, the said lawsuits are independent of and unrelated to the recent rationalisation exercise and business restructuring that was completed on 31 March 2023.

PANASONIC IS AGAINST ANIMAL ABUSE OR CRUELTY

PUBLIC NOTICE : PANASONIC IS AGAINST ANIMAL ABUSE OR CRUELTY 

The Management of Panasonic Manufacturing Malaysia Berhad has conducted an immediate and thorough investigation on the recent incident that went viral on social media about our company’s handling of stray cats. 

We regret that certain inappropriate remarks by an employee have caused public disappointment and anger. However, independent checks conducted by our company and Selangor Veterinary Department confirmed that there were no incidents of animal abuse within the factory’s premises. 

We want to reiterate that we do not condone any acts of animal abuse or cruelty.

Panasonic Manufacturing Malaysia Berhad remains steadfast in our commitment to ensure our Code of Conduct on Ethics and Behaviour are robust and reflective of the need to demonstrate good social values, and that our employees and partners/vendors abide by it closely.

16 June 2022
Panasonic Manufacturing Malaysia Berhad

54th Annual General Meeting

Posted in AGM

53rd Annual General Meeting

Posted in AGM