The measures include income protection, job matching and skills training to ensure the affected employees do not experience prolonged unemployment.
Its minister Datuk Seri R. Ramanan said the "from job loss to new job" approach was being implemented through collaboration between the Department of Labour Peninsular Malaysia (JTKSM) and the Social Security Organisation (Perkeso) to safeguard the welfare and career continuity of affected employees.
"The ministry will ensure that employees affected by job loss are given appropriate support and are not left to face this transition period without assistance.
"Through Perkeso, interventions will be mobilised as early as possible to help them obtain income protection and return to the job market," he said in a statement today.
Ramanan said JTKSM, through the Subang Jaya Labour Office, received the Notification Form for Employee Retrenchment (PK Form) from the company on July 23 and 27 and conducted an investigation on July 27.
He said the investigation found that a total of 541 employees, comprising 415 local workers and 126 foreign workers, were affected by the retrenchment, which will be carried out in two stages on Oct 31, 2026, and March 31, 2027.
He said the company had committed to paying all entitlements due to the affected employees, including wages, wages in lieu of notice, payment in lieu of annual leave and termination benefits, with the total estimated at RM64.38 million.
"As a follow-up action, Perkeso and JTKSM will hold further discussions with Panasonic tomorrow to coordinate measures relating to employee protection, benefit eligibility and job placement interventions," he said.
"Among the assistance to be provided are advisory services and assistance with SIP (Employment Insurance System) benefit applications for eligible employees as temporary income support during the employment transition period," he added.
Ramanan said Perkeso would initiate employee profiling to determine individual needs before providing assistance with benefit claims under the Employment Insurance System (SIP), career counselling, job matching through MYFutureJobs and interview programmes with employers with vacancies.
He also said employees requiring skills adjustments would be offered reskilling and upskilling programmes to enhance their chances of securing new employment.
Meanwhile, he said JTKSM would continue to monitor the implementation of the retrenchment exercise and payment of benefits in accordance with legal provisions, including taking enforcement action if the company failed to fulfil its responsibilities.
Panasonic Malaysia Sdn Bhd, in a statement, announced the closure of production operations for two products, which will affect 400 employees by the end of March next year. - NST
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