Nikko folds leaving almost 1,000 jobless
By LOOI SUE-CHERN, the StarTuesday July 1, 2008 GEORGE TOWN: Japanese wireless toy manufacturing company Nikko Electronics Bhd closed its Prai factory on Tuesday, leaving about 950 employees jobless. InvestPenang chairman Datuk Lee Kah Choon said the company, which is listed on the Bursa, closed down due to dwindling exports and market demand, and escalating … Read more