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[Tempatan] JTI Malaysia, pengeluar rokok akan buang 40 peratus staff

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Author: R2D2       Show all posts   Read mode

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Post time 16-9-2019 02:03 PM | Show all posts |Read mode
Second largest tobacco firm in Malaysia may cut 40% of workers
    Monday, 16 Sep 2019



PETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant.

According to sources, JT International Bhd (JTI Malaysia) is looking at trimming its workforce by about 40%, or around 170 people, over the next two years.

While the redundancy progress will be across the company, it is learnt that this will mainly affect the companys shared services.

The shared services operations are expected to be closed down within the time frame and could be relocated to another country.

Sources said the market has been very challenging and it is made worse by the illicit cigarette trade and the unregulated vape industry.

The market condition here has not been improving and profitability for the industry as a whole has halved since 2015 ever since the huge increase in excise duty.

Retailers get margins from the industry but the industry cant be supporting a bleeding situation, the source told StarBiz, adding that there was a global review of Japan Tobacco Incs operations and Malaysia was among the countries in scope.

It is learnt that the staff of JTI Malaysia have been informed of the rationalisation programme on Aug 30.

The source added that sales of legitimate cigarettes in Malaysia used to be in the tune of 20 billion sticks annually but now, the industry is struggling to even achieve seven billion sticks.

A briefing by JTI Malaysia early last month revealed that illegal cigarettes and unregulated vaping products have since ballooned to 70% of the total consumption in the country, which bleeds the government some RM6bil in uncollected taxes.

In a response to StarBiz, JTI Malaysia managing director Cormac ORourke said following a review of the companys business operations, structures and processes, JTI Malaysia has proposed to make changes to how it operates here, including a reduction in employee numbers.

We have entered into consultation process on the matter.

As this process is ongoing, we are not yet in a position to comment on or confirm what the potential changes may be here, but will provide further clarity in due course, he said. ORourke added that the operating environment in Malaysia has been extremely challenging over the past few years, especially the significant and alarming development of illegal tobacco products, which now represented as much as 60% of the market.

There is a significant and fast growing illegal vaping segment that accounts for a further 10% of the market.

This development has led to a more than 30% decline in the size of the overall legitimate industry.

As a result of these challenges, a transformation of the operations in Malaysia is necessary to ensure overall business sustainability, he said in a statement, adding that this will require a complete review of all investments JTI Malaysia currently make in the operations of its business in the country, including those in support of the retail trade.

ORourke said the decision to change the way the company operates will enable it to improve operational efficiencies and meet the business needs and the ability to face the challenges ahead.

Japan Tobacco Inc recently announced plans to eliminate 3,720 positions over three years.

Just on Thursday, British American Tobacco Plc announced that it planned to cut 2,300 jobs by January.

Philip Morris International Inc, which is another major player, is also in talks with Altria Group Inc to reunite in a merger.

JTI Malaysia, which carries the Mevius, Winston and LD brands, currently has an estimated market share of 25% in the country. It was delisted from the Main Market of Bursa Malaysia on June 25,2014, leaving British American Tobacco (Malaysia) Bhd as the only listed tobacco company in Malaysia.

BAT (Malaysia) saw 32.09% dip in net profit for the second quarter to RM77.23mil.

Net profit for the first half of the year also recorded a decline of 21.21% to RM165.15mil.

Year-to-date (y-t-d), its share price had dropped 41% to RM21.50 at its last close.

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Post time 16-9-2019 02:20 PM | Show all posts


jti dekat ampang permai tu salesman nya 90% melayu  .


bertabah la  .        

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Post time 16-9-2019 02:44 PM | Show all posts
dari segi kesihatan baguslah tapi jadi berita buruk dari segi ekonomi dan hiburan. siapa yang bergantung dengan bisnes rokok memanglah akan ada effect.

tak perlulah salahkan vape sebab pilihan masing2kan. zaman dan teknologi berubah menyebabkan manusia berubah pilih yang lain pula.

salahkan kerajaan nak cukai melampau sampai mati sumber ekonomi tu. dasar gila yang dipaksakan menyebabkan ramai smoker yang terpaksa isap rokok import yang kurang kualiti tapi nak lepas gian balun saja... ahahhaha
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Post time 16-9-2019 03:17 PM From the mobile phone | Show all posts
apa yang bestnye sapkok ni eh?
sis tak penah sapkok.tgk asap berkepul2 mcm busuk jah
ada kolig aku ni,pompuan meleis urban
kemainnn jaga diet,yoga, eat clean bagai tp sapkok..sama jah ko masukkan racun dlm badan ko
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Post time 16-9-2019 03:24 PM From the mobile phone | Show all posts
Dari dulu mmg plan nak tutup kilangkan nak pindah Thailand or Philippines. Sini cost buruh mahal. Gaji management pun gila2. Tapi sayang la benefit best juga.
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Post time 16-9-2019 03:24 PM From the mobile phone | Show all posts
Dari dulu mmg plan nak tutup kilangkan nak pindah Thailand or Philippines. Sini cost buruh mahal. Gaji management pun gila2. Tapi sayang la benefit best juga.
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Post time 16-9-2019 05:57 PM From the mobile phone | Show all posts
BAT keluarkan statement yg serupa, dalam masa seminggu Trump haramkan vape di US. Tak lama lagi jadi benda yg sama akan berlaku di sini.
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Post time 16-9-2019 05:59 PM From the mobile phone | Show all posts
Rokok mahei, orang beli rokok seludup la.. tak pun vape.. tak pun rokok daun
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Post time 16-9-2019 06:39 PM From the mobile phone | Show all posts
20b btg setahun 20btg sekotak = 1b kotak setahun terjual ke?
Bape byk tax govt dpt tuhhh
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Post time 16-9-2019 07:03 PM From the mobile phone | Show all posts
Tutup je lah...pembunuh dlm senyap...sama macam gula
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Post time 16-9-2019 07:37 PM From the mobile phone | Show all posts
Aku tak merokok...tapi perokok yg tinggal berdekatan ni beralih ke rokok seludup murah...bau lagi teruk dr rokok biasa ....anjing betul.
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Post time 16-9-2019 07:49 PM | Show all posts
cmf_premierleag replied at 16-9-2019 03:17 PM
apa yang bestnye sapkok ni eh?
sis tak penah sapkok.tgk asap berkepul2 mcm busuk jah
ada ko ...

Rokok ni, memberikan suatu kepuasan dan kenikmatan yg tak dpt digambarkan dgn perkataan. Kenyang, sedap semua doesnt do justice to the pleasures derived from smoking.

just like art... susah nak gambarkan kenmikmatannnya.


bahkan... spt fungsi biologi lain spt berak.... tiada perkataan boleh digunakan utk memberi definisi tepat betapa puas dan nikmatnya bila dapat berak dgn lawas.


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