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(From Malaysian Business)
I SOMETIMES wonder when companies restructure. The victims in most cases are the employees. True, they are paid a certain amount under the voluntary separation or mutual separation scheme they signed for, but how long can the money last? A few months, maybe?
In some cases, they invest in a business in which they don't have any idea about, and in no time the money is gone. The lucky ones will get a job but the majority will be unemployed. Some will end up losing their houses, bought with a housing loan taken while with the company they have now left. After a year or so of non-payment, the company auctions the houses.
This is exactly what is happening with the ex-employees of Bursa Malaysia who left. Over 70 of them will lose their houses, the place where …