Posted by sokowanda > 2021-12-04 09:08 | Report Abuse

Company price drop because they admit that they have forced labour problems.

Posted by stockraider > 2021-12-04 09:17 | Report Abuse

Do not talk rubbish loh!

Do u know how unproductive a local worker is leh ??

Study have shown 1 foreign worker is 3x more productive than the local mah!

Thus some companies rather spend more to take care of the foreign workers in order to ensure its sustainability of business loh!

Lu tau boh ?

Posted by DickyMe > Dec 3, 2021 10:59 AM | Report Abuse

Primary role of government is to care for it's OWN CITIZENS not foreign workers. The government must ensure locals are not unemployed and receive better remuneration and all benefits taken care.

If the government acts as a foreign workers agency then definitely these emboldens crooks to masquerade as agents. There will be no control on influx of foreign workers and certainly locals unemployment will sky rocket. This will attribute to social problems like increased crime, corruption, suppressed salary hence contribute to inflation.

Employers are blood suckers. Luckily I am not the HOME MINISTER, otherwise the business of foreign workers will be burnt to ashes.
Any employers insisting on foreign workers will be told to SHUTDOWN and shift their business elsewhere.

It does not matter if the industries DIE. BETTER the EMPLOYERS DIE instead of the RAKYAT. FOREIGN WORKERS ARE FOREIGNERS and have no business in enjoying CITIZENS RIGHTS.

FOR too long these employers are enjoying vulgar profit.

GLCs are main reason of foreign workers influx.

Posted by okdoke > 2021-12-04 10:11 | Report Abuse

Human Resources Minister Datuk Seri M Saravanan said in a statement that he had received information that the contract was terminated on mutual agreement between ATA IMS and the UK-based high-tech home appliance manufacturer, following problems of labour shortage faced by the ATA IMS subsidiary, ATA Industrial (M) Sdn Bhd. source TheEdge
Dyson stated termination due to forced labour, HR Minister stated ATA IMS and Dyson mutually termination due to labour shortage => Who tell the truth??

Posted by TrippleZ > 2021-12-04 10:35 | Report Abuse

Both are telling the truth from their perspective.

Posted by stockraider > 2021-12-04 10:38 | Report Abuse

Think lah!

Love malaysia mah!

What & Why move out leh ?

Just free up the control on foreign labors & let the companies employed whatever foreign & local labors they want mah!

Like that govt get tax revenue, local get quality appointment & the country economy can grow mah!

Everybody very happy mah!


Posted by treasurehunt > Dec 4, 2021 10:31 AM | Report Abuse

One word. If a manufacturer is unable to invest in automation then move out the factories to low labor costs countries lor. It’s so simple.

Posted by stockraider > 2021-12-04 10:39 | Report Abuse

Do not talk rubbish loh!

Do u know how unproductive a local worker is leh ??

Study have shown 1 foreign worker is 3x more productive than the local mah!

Thus some companies rather spend more to take care of the foreign workers in order to ensure its sustainability of business loh!

Lu tau boh ?

Posted by DickyMe > Dec 3, 2021 10:59 AM | Report Abuse

Primary role of government is to care for it's OWN CITIZENS not foreign workers. The government must ensure locals are not unemployed and receive better remuneration and all benefits taken care.

If the government acts as a foreign workers agency then definitely these emboldens crooks to masquerade as agents. There will be no control on influx of foreign workers and certainly locals unemployment will sky rocket. This will attribute to social problems like increased crime, corruption, suppressed salary hence contribute to inflation.

Employers are blood suckers. Luckily I am not the HOME MINISTER, otherwise the business of foreign workers will be burnt to ashes.
Any employers insisting on foreign workers will be told to SHUTDOWN and shift their business elsewhere.

It does not matter if the industries DIE. BETTER the EMPLOYERS DIE instead of the RAKYAT. FOREIGN WORKERS ARE FOREIGNERS and have no business in enjoying CITIZENS RIGHTS.

FOR too long these employers are enjoying vulgar profit.

GLCs are main reason of foreign workers influx.

Posted by investor2021trading > 2021-12-04 10:49 | Report Abuse

i see DYSON is mostly at fault in this development! they reacted too harshly from d pressure of Andy Hall n from d labour activists, IDK, in UK n Singapore! they have lost a major supplier by doing so! However, they r not totally inconsiderate on their decision to terminate ATA's contract as they give ATA until June 2022 to resolve d matters! Whatever happened, ATA will have to pick-up from where they had fallen!

Outcome:
DYSON will lose more to get another major supplier like ATA!
ATA will surely find new customers to replace DYSON!
More competitors for DYSON on vacuums cleaners, purifiers n other EMS products arising from these tussles!

Posted by stockraider > 2021-12-04 10:53 | Report Abuse

Ok mah dyson give notice more than 6 mths wor!

Only terminate in June mah!

osted by investor2021trading > Dec 4, 2021 10:49 AM | Report Abuse

i see DYSON is mostly at fault in this development! they reacted too harshly from d pressure of Andy Hall n from d labour activists, IDK, in UK n Singapore! they have lost a major supplier by doing so! However, they r not totally inconsiderate on their decision to terminate ATA's contract as they give ATA until June 2022 to resolve d matters! Whatever happened, ATA will have to pick-up from where they had fallen!

Outcome:
DYSON will lose more to get another major supplier like ATA!
ATA will surely find new customers to replace DYSON!
More competitors for DYSON on vacuums cleaners, purifiers n other EMS products arising from these tussles!

Posted by Hotstuff > 2021-12-04 11:14 | Report Abuse

I am well ready to all in on Monday!! I will become rich when price shoot up to rm1

Posted by Kevin Tam > 2021-12-04 11:19 | Report Abuse

Stock raider is not talking business sense as well ; EMS/ electronic manufacturers can provide much better paid/ salaries than Topglove or other smaller glove manufacturers n with the labour organisation keep targeting local manufacturers, it is wiser to hire more local workers to reduce the risk n more automation in production… The thought of local people don’t want to work in factories or one Bangladeshi equal to 3 local people in productivity , more like myth than fact … Yup, the working attitude of many Bumi then Chinese n Indians r below average when compare to migrant workers who willing to work 10 hours a day but after more than 20 years, the thought of rely on migrant workers is much better than hiring local or be balance in hiring still affecting the thoughts of many big bosses n top management of manufacturers…

Posted by stockraider > 2021-12-04 11:22 | Report Abuse

Rubbish lah!

Local production workers come 1 day work & take 2 days mc mah!

Posted by Kevin Tam > Dec 4, 2021 11:19 AM | Report Abuse

Stock raider is not talking business sense as well ; EMS/ electronic manufacturers can provide much better paid/ salaries than Topglove or other smaller glove manufacturers n with the labour organisation keep targeting local manufacturers, it is wiser to hire more local workers to reduce the risk n more automation in production… The thought of local people don’t want to work in factories or one Bangladeshi equal to 3 local people in productivity , more like myth than fact … Yup, the working attitude of many Bumi then Chinese n Indians r below average when compare to migrant workers who willing to work 10 hours a day but after more than 20 years, the thought of rely on migrant workers is much better than hiring local or be balance in hiring still affecting the thoughts of many big bosses n top management of manufacturers…

Posted by stockraider > 2021-12-04 12:22 | Report Abuse

Malaysia should use its competitive advantage now while still can mah!

Msia must use its competitive advantage like cheap labors, good infra, easy going, cheap cost of living mah!

To attract more investment loh!

With cheap cost living local can enjoy greater buying power & this is help & achieve by the very good productivity of foreign labors

Btw...in 20 yrs time msia no longer...cheap, rich & competitive bcos of corruption & wastages mah!

Then no labor problem mah....msia will be exporting msia labor & will be competing with bangla, combodia, nepal, phillipines and indonesia in the international market mah!

Think lah!

Rubbish lah!

Currently Cheap uneducated foreign workers are all we wanted mah!

This uneducated productive foreign workers will be most productive & they will create opportunity for better economic growth and greater quality employment opportunity for the local more loh!

Do not be BOLOH!

What turning point...if the policy are silly leh ??

We need foreign workers to keep the economics wheel moving mah!


If can fully automate why chose msia leh ??

Might as well stay put & do the full manufacturing at high cost countries like Germany, switzerland, Usa, Japan and Australia mah!
Since little labor is use mah!

They chose msia bcos cannot fully automate & cost of labor cheaper and have access to foreign labor mah!

Lu Tau boh ?

Posted by stockraider > 2021-12-04 12:51 | Report Abuse

need to have real productivity gain....in order to increase salary in order to avoid inflation loh!

Ask yourself can the local can beat the foreign labor in terms of productivity leh ?

Like 1 local can be 3 times more productive than the foreign labor or not ?

If yes u can pay the local Rm 4,500 & pay the foreign worker Rm 1,500 mah!

Like that productive gain...no inflation & no currency depreciation mah!

Lu tau boh ?

If can fully automate why chose msia leh ??

Might as well stay put & do the full manufacturing at high cost countries like Germany, switzerland, Usa, Japan and Australia mah!
Since little labor is use mah!

They chose msia bcos cannot fully automate & cost of labor cheaper and have access to foreign labor mah!

Lu tau boh ?


Posted by treasurehunt > Dec 4, 2021 12:26 PM | Report Abuse

Many businesses are thinking of how to improve productivity through automation to move up the value chain. Our guy here wanted us to draw salary 20 years ago for Malaysia to remain competitive. wakaka

Posted by stockraider > 2021-12-04 12:51 | Report Abuse

I remember i bought my 1st double storey house for Rm 170k, when i am earnings rm 4000 a mth mah! The bank interest rates was 12% pa loh!

Now this house cost Rm 950k....and the best interest rates is 3.6% pa loh! U need to earn Rm 10,000 per month mah!

Meaning the house price has appreciated 5.5x but the salary needed to afford this house need to appreciate by 2.5x only mah!

Meaning effectively u buy house cheaper now....base on your salary affordability compare to 25 years ago mah!

Lu tau boh ?

Posted by chinaman > Dec 4, 2021 12:39 PM | Report Abuse

same with property price, so damn high beyond many salaryman affordability. high compliance cost, legal cost, conversion premium one of the factors. property developer sure transfer the cost to buyer. what have selangor Pakatun do to reduce the house price?

Posted by stockraider > 2021-12-04 12:51 | Report Abuse

Just comply with customer standard if u want to do their job loh!

If not do not do their job loh!
If customer do not want to pay more loh!

It is 101 economics mah!


Posted by treasurehunt > Dec 4, 2021 12:42 PM | Report Abuse

Cakap banyak pun tarak guna. Kasi customer hantam forced labour kau kau la. You tarak syok you punya pasal. Meraka hantam saja.

Posted by stockraider > 2021-12-04 13:02 | Report Abuse

Those do not understand economics will simply say banning foreign labors & just raising the local salaries are the answer to the labor & productivity problem loh!

All these factors have linkages of cause & effects to our competitiveness & cost of livings mah!

Posted by Legend > 2021-12-04 13:05 | Report Abuse

Bitcoin Falls 12% In Rout
Bitcoin was trading at $49,856.6 by 23:55 (04:55 GMT) on Saturday, down 11.91% on the day. It was the largest one-day percentage loss since May 19.

Posted by blackchicken > 2021-12-05 08:20 | Report Abuse

Andy Hall's reponse to Xifu's open letter and our correspondences to Credit Suisse

Posted by ycbang > 2021-12-05 08:44 | Report Abuse

Buy below 38 sen

Posted by hh223 > 2021-12-05 11:23 | Report Abuse

Property price, salaries, bitcoin too, related to Atamis, relax lah !

Posted by Legend > 2021-12-05 11:45 | Report Abuse

bitcoin itu off topic saja...jangan boring sangat...haha

Posted by Legend > 2021-12-05 14:44 | Report Abuse

Dyson splits with Malaysia supplier, stoking concern over migrant worker treatment
JOHOR BAHRU, Malaysia(Reuters)Dec 05, 2021 - A short drive across the border from Dyson's new headquarters in Singapore is the boomtown built around its business: a Malaysian industrial area dominated by its biggest supplier, ATA IMS Bhd.

ATA, one of Malaysia's top electronics manufacturing services providers, rode Dyson's success in high-end vacuum cleaners and air purifiers, supplying parts for a company that came to account for 80% of its revenue.

Ten current and former employees, and a former ATA executive, say the growth came at an unseen cost: its mostly migrant work force worked up to 15 hours a day, were often asked to skip rest days to keep up with demand, and were coached to hide true working and living conditions from labour inspectors and Dyson.

In interviews over the last two months, the employees also say ATA, which analysts say is Dyson's biggest global contract manufacturer, hired thousands of foreigners without work permits.

After questions from Reuters on Nov. 18, Dyson last month said it would pull its business from ATA in six months, citing a recent independent audit on conditions for workers and allegations by an unidentified whistleblower.

ATA said in a statement it was audited by the Responsible Business Alliance (RBA), a body widely engaged by electronics firms to conduct factory audits. RBA hires third-party auditors for the inspections. It declined to comment.

On Nov. 29, ATA said it had seen the summary of Dyson's audit, which found poor living conditions, concerns of retaliation and unpaid allowances, among other issues. It described the findings as "non-conclusive" and said it was reviewing them. Reuters has not seen the audit.

ATA declined to comment, and referred Reuters to its recent public statements.

Dyson said on Tuesday it wouldn't comment because the accusations related to ATA.

Malaysia on Wednesday said it would charge ATA over complaints it had received through the labour department. It did not say what the charges or complaints were about or whether they related to the workers' accusations about its Dyson factories.

The country's human resources minister, M. Saravanan, said forced labour allegations at Malaysian companies were hurting foreign investors' confidence in products manufactured there. He had earlier said the government was investigating Dyson's decision to split with ATA.

After Dyson's move, ATA shares dropped 60%. Some analysts have raised doubts about ATA's ability to attract new customers, and on Nov. 29 a statement from the firm forecast revenue declines and cost cuts.

With Dyson's departure, six workers and shopkeepers interviewed in the Johor Bahru industrial area said they feared they might lose their livelihoods.

"There is no guarantee of a job here anymore," said one off-duty ATA worker, wearing his royal-blue factory work shirt on a recent Sunday. Like others, he asked not to be identified for fear of reprisal.

ATA officially employs around 8,000 workers, although four ATA workers and the former executive estimated its workforce had been as high as 17,000 until recently, including those without permits. Most of 17,000 were from Bangladesh and Nepal, according to the workers and executive.

RECORD REVENUE

ATA's factories are concentrated in adjacent industrial parks in suburban Johor Bahru, a 30-minute drive to Singapore, where Dyson is headquartered.

ATA posted record revenue of 4.2 billion ringgit ($991.74 million) for the fiscal year that ended in March. Dyson, owned by British billionaire James Dyson, accounted for nearly $800 million of that.

Analysts say the increased scrutiny of Malaysia could increase production costs and deter investors. The United States has banned six Malaysian firms in the last two years over accusations of forced labour.

"Cost will definitely move up because a lot more care has to be taken into account, not just on recruitment but also worker accommodation. The ramifications are significantly higher costs for labour," said Vincent Khoo, head of Malaysia research at brokerage UOB Kay Hian.

Malaysia, which makes everything from iPhone components to semiconductors, is reliant on electrical and electronics manufacturing in particular for exports and economic growth. Between January and October 2021, such products accounted for 36% of total exports.

Foreigners make up about 10% - 1.48 million - of Malaysia's work force, according to government data, though that percentage is higher in the manufacturing sector. The government and labour groups estimate millions more undocumented migrants.

Posted by oskchoon > 2021-12-05 17:59 | Report Abuse

Dyson’s split with ATA stokes concerns over job losses

https://www.freemalaysiatoday.com/category/nation/2021/12/05/dysons-split-with-ata-stokes-concerns-over-job-losses/

Posted by oskchoon > 2021-12-05 18:03 | Report Abuse

In this FMT news, it is indicated that Ataims management have employed illegal migrant workers and seriously exploited migrant workers to worked 15 hours a day with no off day plus beaten the migrant workers at Johor police station.. If this is true, then this is very inhuman...

Posted by investor2021trading > 2021-12-05 18:29 | Report Abuse

what inhumane? why complained when they get overtime at one n d half times their normal hourly pay? For Sundays, they r paid double their daily wage! They can't get this gud pay in Bangla or Nepal! Moreover, basic food n accommodation r provided! Also, since these matters were oredi being highlighted to various authorities in Malaysia, why there is no serious reprisal, not even d police to pull up/imprison d top management in ATA for habouring illegals!

BAU...THE SHOW MUST GO ON!

Posted by TrippleZ > 2021-12-05 21:10 | Report Abuse

No human should work more than 8hours regardless of wages.

Posted by kfliau > 2021-12-05 21:28 | Report Abuse

Try working as designer in an advertising firm to find out what is the norm. My son used to work up to 48 hours non-stop. And no OT!

Posted by Want2MakeMoney > 2021-12-05 22:27 | Report Abuse

Foreign workers complained long working hour. Now Dyson terminated contract, all hong kan, now no long working hour and also no job.

Posted by kfliau > 2021-12-05 22:34 | Report Abuse

Another notoriously long working hours career is audit firm. No OT despite teniously long working hours. Take it or leave it

Posted by bpsiah > 2021-12-05 22:35 | Report Abuse

When I was working in the financial institutions the work hours were from 9 am to 7/8 pm daily {if you take into consideration the travelling hours even much longer}. We never complained but instead felt so lucky to have a job.

Posted by kfliau > 2021-12-05 22:46 | Report Abuse

Try working with mainland Chinese boss see how they work. There is a price to pay for their extraordinary growth

Posted by oskchoon > 2021-12-05 23:04 | Report Abuse

Highlights of the Employment (Amendment) Bill 2021 https://newswav.com/A2112_0C8MTG?s=A_xYzeVPe

Posted by oskchoon > 2021-12-05 23:06 | Report Abuse

With this new law, Ataims management cannot exploit any forced labour policy on its migrant workers or locals..

Posted by Kevin Tam > 2021-12-05 23:16 | Report Abuse

This incident n further investigation of VS labour issue will affect the retail investors n funds have been investing in listed EMS companies… The valuation of these companies was high 4-5 months ago n it may trigger the market n research house to adjust down the TP for VS as well … The forced labour issue would make the cost of production at EMS companies to go up , same happened to big 4 glove manufacturers whereas the international brand like Dyson n so on continue to insist handsome profit margin while squeezing the EMS companies like VS, ATAIMs…

Posted by bensonlam33222 > 2021-12-06 00:25 | Report Abuse

fight for labor rights mean more jobless people in the street . this company has a bleak future.

Posted by oskchoon > 2021-12-06 08:45 | Report Abuse

Today is T plus 2 payment day.. may be afternoon forced selling.... Beware.. trade cautiously..

Posted by oskchoon > 2021-12-06 09:11 | Report Abuse

*Ataims (8176 )*
Outlook: Breakout RM0.455
TP : RM0.53, RM0.63
Exit: RM 0.38 , RM0.30
(time frame: 2-4 weeks)

Posted by Expertisee > 2021-12-06 09:20 | Report Abuse

green day

Posted by foo > 2021-12-06 09:23 | Report Abuse

collecting...

Posted by Hotstuff > 2021-12-06 09:29 | Report Abuse

ALL in....0.445

Posted by Legend > 2021-12-06 09:30 |

Post removed.Why?

Posted by Ferrari06 > 2021-12-06 10:03 | Report Abuse

Dyson has fallen into the syndicate’s trap. All this well planned by the syndicate so called “activist”. Now the syndicate is looking at VS and SKP in terms of potential forced labour issues.

Will Dyson terminate the contract with VS and SKP too ? OR Dyson go back to ATA to continue the business ?

Posted by Legend > 2021-12-06 10:13 |

Post removed.Why?

Posted by NatsukoMishima > 2021-12-06 10:23 | Report Abuse

Only buy at 10 sens n keep for long term !

Posted by shpg22 > 2021-12-06 10:36 | Report Abuse

Accountant working in big 4 also need to work long hour. Why no action taken??

Posted by Legend > 2021-12-06 10:38 |

Post removed.Why?

Posted by Hotstuff > 2021-12-06 10:53 | Report Abuse

I'm working facking long hour in my whole bloody life without taking one single leave. I'm happily living in my 8000 sqft bungalow and driving my Porsche 911. Fack human rights. WINNERS NEVER SLEEP.

Posted by stockwinner > 2021-12-06 11:03 | Report Abuse

Suddenly,


Everyone start worrying about forced labour in factory,


while ignoring the overworked healthcare professionals - docs, nurses...

And ignore the gig workers - Grab, Food Panda...

and also ignore the low income earners - teachers, cleaners...

Ops, not to forget the overworked accountants, engineers and you.

Posted by balakrisnan > 2021-12-06 11:35 | Report Abuse

red again

Posted by Legend > 2021-12-06 11:37 |

Post removed.Why?