KUALA LUMPUR, March 24 – The Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA) are taking proactive steps following Goodyear’s decision to close its Shah Alam manufacturing facility. Prior strategic dialogue between MITI, MIDA, and Goodyear has ensured that the closure aligns with broader objectives, showcasing the adaptability of their partnership and preparedness for such events.
Approximately 550 employees will be directly affected by the shutdown, part of Goodyear’s global cost-saving measures. However, the government, through MITI and MIDA, is mobilizing specialized teams to facilitate job placements and offering upskilling and reskilling programs to mitigate the impact. This intervention underscores Malaysia’s commitment to supporting the local workforce through industrial changes and fostering economic resilience, reflecting its adaptability and determination to secure the nation’s economic vitality.
