Press Statement - "REVIVING THE AILING TIMBER INDUSTRY CANNOT BE DONE ALONE"

As the timber industry enters the year 2020, STA members remain deeply concerned about the gloomy outlook that continues to shroud the industry. The economic climate is not getting better, retrenchment and lay-off cases are surging, Sarawak sees a large scale layoff of 500 employees, mostly Sarawakians, in the recent termination of Lebuhraya Borneo Utara Sdn Bhd’s project and the industry believes more of such cases are on the way if there is no intervention or measure taken by the Sarawak Government. The industry is not spared from the current economic challenges and uncertainties, the industry has been struggling hard to re-align its operation strategies and re-allocate its key resources in order to keep businesses afloat. STA regretfully notes that the actions by the industry to sustain businesses included decisions which affected jobs.

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