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Tajuk : No retrenchments at Proton; only to get RM1.1b R&D reimbursement from govt
link : No retrenchments at Proton; only to get RM1.1b R&D reimbursement from govt
No retrenchments at Proton; only to get RM1.1b R&D reimbursement from govt
KUALA LUMPUR (May 24): There will be no retrenchments at Proton Holdings Bhd, said DRB-Hicom Bhd group managing director Datuk Seri Syed Faisal Albar after inking an agreement to sell a 49.9% stake in the national car maker to China's Zhejiang Geely Holding Group Co Ltd (Geely).
Instead of retrenchment, Syed Faisal said there will be a growth in employees.
"The Chinese automaker would also be taking leadership in Proton's production management and sales and marketing divisions," Syed Faisal said.
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