Planet Lowyat

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Dell Malaysia offering VSS

by Planet Lowyat on 19/03/09 at 5:46 pm

According to The Edge, Dell Malaysia is offering Voluntary Separation Scheme (VSS) across the board to all 5,000-odd employees in Malaysia.

Late last month, Dell Inc announced a 48% decline in net income to US$351 million (RM1.3 billion) for the fourth quarter of its financial year 2009 (4QFY09) from US$679 million a year earlier.

Sources told The Edge Financial Daily that employees had been informed of the decision and had until the end of the month to make their decisions on whether to take up the offer.

When contacted, Dell Malaysia confirmed that under the Malaysian initiative, the VSS had been offered to all the 5,000 Malaysian staff on Penang island, Bukit Tengah in the mainland and Cyberjaya. However, the actual number of staff that Dell Malaysia targeted to let go is not known.

According to my source, Dell offering 1.5 months for anyone worked 1 year + 1 month extra paid up(not sure what is this performance bonus(pro rates) + contractact bonus(pro rates) and resignation noticed paid out. Said for example, if worked for 2 years, probably can get about 6 months salary and I wish I can.

Read more details here.