New hub for metals, machinery and timber to help companies cut costs by 20%


SINGAPORE: Small- and medium-sized enterprises (SMEs) in the metal, machinery and timber industries can expect to lower their operating costs by at least 20 per cent through the use of shared services and facilities at a new six-storey development, TimMac@Kranji, when it is completed in 2020.

These services and facilities will be provided by the Singapore Cranes Association (SCA) and Singapore Timber Association (STA) under a collaboration agreement both trade associations inked with JTC Corporation on Wednesday (Jan 31).

For example, STA will offer services such as chemical treatment, sawmilling and warehousing that are required by most timber companies. These are expected to help timber companies reduce their operating costs by at least 30 per cent and achieve land savings of about 6 ha.

SCA will set up a rooftop heavy vehicle workshop to provide tenants with services such as engine maintenance, towing and recovery services. (Photo: Brandon Tanoto)

Meanwhile, SCA will operate an open yard to support the operations of metal fabricators and machinery owners. These include the assembly of large and bulky metal components.

The open yard will also house a load-testing facility for cranes. Traditionally, metal and machinery companies transport their cranes to another facility to undergo mandatory testing. By sharing the open yard, companies can dedicate the manpower resources and space used for that to other more productive activities. They can also enjoy cost savings of about 20 per cent.

In addition, SCA will set up a rooftop heavy vehicle workshop to provide tenants with services such as maintenance of engines, towing and recovery services. Companies can tap on this to reduce downtime by not having to send their heavy vehicles to another facility for repair works.

The new development is aimed to help companies reduce operating costs and optimise space. (Photo: Brandon Tanoto)

Speaking at the signing ceremony, Senior Minister of State for Trade and Industry Dr Koh Poh Koon said trade associations and chambers play an important role as key partners in the country’s industry transformation efforts.

“With their deep knowledge of the industries’ needs and strong networks across the industries, (they) can take the lead to develop common solutions to challenges faced by the industry and drive positive change within the community.”

KEEPING RENTALS “COMPETITIVE” AND TENANCY PERIODS FLEXIBLE 

So far, 22 companies have already signed up for units within the new development, a take-up rate of 70 per cent. Mr Leong Hong Yew, director of the food and lifestyle cluster at JTC, said he expects all the remaining units to be snapped up by 2020.

“We are pricing the development at a very competitive level, we want to help our industrialists, on average, it is about S$15 to S$16 per sq m per month on a gross basis. We will offer a standard three-plus-three-years tenancy but if due to whatever reason, if the industrialist needs a tenancy that is different to suit their business needs, we are always open to discussions, like five-plus-five-years tenancy perhaps.”

Based on the estimated prices cited by Mr Leong, one modular unit will cost about S$19,200 a month to rent.

The modular units start from 1,200 sq m and allow SMEs to take up adjacent units to ramp up their space by nearly four times to up to 4,000 sq m, providing them with the flexibility to configure their operational spaces according to their needs.

TimMac@Kranji will achieve land savings by clustering these companies in a high-rise development while at the same time, meeting their operational needs. (Photo: Brandon Tanoto)

These units will also have high ceilings of up to 12m to facilitate the adoption of overhead cranes, as well as heavy floor loading of up to 50 kilonewtons per sq m to accommodate heavy automation machinery.

SCA will operate an open yard to support the operations of metal fabricators and machine owners – the yard will support repair works, assembly of large metal structures, and serve as a load-testing facility for cranes. (Photo: Brandon Tanoto)

All in, the new development is aimed at helping companies reduce operating costs and optimise space. It stands on a land area of 5.97ha with an estimated land savings of 20ha. It has a gross floor area of 134,620 sq m.



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Justice Dept warned White House about releasing memo – Washington Post


Senior Justice Department officials on Monday warned White House Chief of Staff John Kelly about the dangers of publicly releasing a memo that alleges abuses by the Federal Bureau of Investigation, the Washington Post reported on Tuesday, citing people briefed on the meeting.

U.S. Deputy Attorney General Rod Rosenstein speaks during the State of the Net annual conference at the Newseum’s Knight Conference Center in Washington D.C., U.S., January 29, 2018. REUTERS/Carlos Barria

WASHINGTON: Senior Justice Department officials on Monday warned White House Chief of Staff John Kelly about the dangers of publicly releasing a memo that alleges abuses by the Federal Bureau of Investigation, the Washington Post reported on Tuesday, citing people briefed on the meeting.

Before the House of Representatives Intelligence Committee voted to make the document public on Monday, Deputy Attorney General Rod Rosenstein told Kelly the four-page memo could jeopardize classified information and urged President Donald Trump to reconsider his support for making it public, the Post said, citing the people.

Rosenstein was joined at the White House meeting by FBI Director Christopher Wray, who also opposed its release, they said.

The House intelligence panel voted along party lines on Monday to release a classified memo that Republicans say shows anti-Trump bias by the FBI and the Justice Department in seeking a warrant to conduct an intelligence eavesdropping operation.

The Post cited a person familiar with the discussion as saying that Rosenstein said the Justice Department did not believe the memo accurately described its investigative practices and that making it public could set a dangerous precedent.

Rosenstein is supervising Special Counsel Robert Mueller’s probe into Russian interference in the 2016 election.

Kelly told Rosenstein and Wray that Trump was still inclined to release the memo but that the White House would let it be reviewed by the National Security Council and the White House Counsel’s Office, a senior administration official told the Post.

The White House, the Justice Department and the FBI all declined to comment on the meeting, the Post reported.

Two sources familiar with the memo have told Reuters it accuses the FBI and the Justice Department of abusing their authority in asking a Foreign Intelligence Surveillance Court judge to approve a request to extend an eavesdropping operation on Carter Page, an adviser to Trump’s 2016 campaign.

(Reporting by Eric Walsh; Editing by Lisa Shumaker)



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Turkish soccer club completes first Bitcoin transfer in country's history – CNN Turk


A Turkish soccer club has completed the country’s first ever transfer using the Bitcoin cryptocurrency, broadcaster CNN Turk reported on Tuesday.

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration, in Paris, France, December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

ANKARA: A Turkish soccer club has completed the country’s first ever transfer using the Bitcoin cryptocurrency, broadcaster CNN Turk reported on Tuesday.

Harunustaspor, a local amateur league club, signed 22-year old Omer Faruk Kiroglu for 2,000 liras (£377.6) worth of Bitcoin and 2,500 liras in cash, for a sum total of 4,500 liras, CNN Turk said.

Club chairman Haldun Sehit declared that the move was the first of its kind by a sports club in Turkey and worldwide. “We did it to make a name for ourselves in the country and the world… We are proud of this,” he was quoted as saying.

Digital currency Bitcoin has been on a highly volatile track in the last few months. After hitting an all-time high just shy of US$20,000 on Dec. 17 on the Bitstamp platform, it plunged more than 50 percent over the ensuing month to below US$10,000, but has since stabilised to just shy of US$11,000.

Turkey’s government has warned against the use of the cryptocurrency, saying it carries risks as no legal foundations were available for such transactions.

Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies – a form of digital money created and maintained by its users.

European Union states and legislators agreed last month on stricter rules to prevent money laundering and terrorism financing on exchange platforms for Bitcoin and other virtual currencies.

“This is a first for me and for the world,” Kiroglu said, according to CNN Turk. “As my chairman said, we are doing something new. I am open to new things.”

(Reporting by Tuvan Gumrukcu; Editing by Ece Toksabay and Mark Heinrich)



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Rugby: Injuries overshadow start to Six Nations


LONDON: Injuries during the Six Nations are one thing, but the fact they are a major talking point even before this season’s edition kicks off highlights the increasingly brutal nature of professional rugby union.

Europe’s elite international competition gets underway this weekend, with England looking to become the first side to win three successive outright titles in the long history of the Championship.

Yet they could be missing more than 16 players against Italy in Rome on Sunday (Feb 4), with wing Elliot Daly and star No. 8 Billy Vunipola already ruled out of the entire tournament.

Scotland, fresh from a hugely encouraging November that included a 53-24 win over Australia and a narrow defeat by world champions New Zealand, are missing six front-row forwards.

Meanwhile, Wales, the Scots’ opening opponents in Cardiff on Saturday, are without several British and Irish Lions in Taulupe Faletau, Sam Warburton, Jonathan Davies and Dan Biggar.

But if any team can deal with a raft of injuries, it ought to be a well-resourced England.

Eddie Jones, the title-holders’ Australian coach, said the Lions’ gruelling drawn series in New Zealand last year partly explained the injury toll.

“You just have these runs,” he insisted. “For the Lions players you can understand that the injury risk is high because of the lack of a proper pre-season that they have, but obviously they’re not all Lions players.”

Jones has tried to play down England’s chances, even though he can still call upon the likes of fly-half Owen Farrell, by installing Ireland, who inflicted the only defeat so far on his Red Rose record when denying them a second straight Grand Slam in Dublin last March, as Six Nations favourites.

“EXPECTATION”

Ireland’s provincial sides have impressed in Europe’s Champions Cup club competition and Jones said: “I think the expectation on Ireland is high, and it’s how they handle it now, isn’t it? It’s different going into the tournament as favourites, rather than being the underdog.”

Ireland have injury problems ahead of the Six Nations, with the experienced Sean O’Brien sidelined at the moment. (Photo: AFP/Paul Faith)

But with their concluding game of the tournament at Twickenham – where England have not lost a home Test under Jones – Ireland coach Joe Schmidt said: “Bookies don’t make money by being wrong. You’ve got a team (England) there that’s won 22 out of 23 Test matches over the last two years.”

Ireland too have injury problems, with the experienced Sean O’Brien and Jared Payne both sidelined at the moment.

Meanwhile, France have turned to a new coach in Jacques Brunel, the former Italy boss, in a bid to lift them out of a prolonged slump.

France have turned to a new coach in Jacques Brunel, the former Italy boss, in a bid to lift them out of a prolonged slump. (Photo: AFP/Philippe Lopez)

Rugby Union is not so strong at Test level that it can afford a sustained decline among its traditionally major nations and a French revival would be a welcome boost to the global game a year out from the 2019 World Cup in Japan.

Brunel could entrust the key position of fly-half to a 19-year-old in Matthieu Jalibert, having coached the teenager at Bordeaux.

“He’s come on in leaps and bounds since the start of the season,” insisted Brunel, whose side face Ireland in Paris on Saturday.

For Italy, under Irish coach Conor O’Shea, the goal remains one of self-respect and the need to improve on a desperate run of just one win in their last 20 Six Nations fixtures.

Last season, excluding matches in Italy, the only away win in the tournament was achieved by England against Wales in Cardiff.

By contrast, Scotland, for all the attacking threat of Stuart Hogg and Finn Russell, have not won in the Welsh capital since 2002 – one reason why Saturday’s clash could have such a huge bearing on their Championship.



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Egyptian politician emerges as sole election challenger to Sisi


An Egyptian politician emerged just ahead of a deadline on Monday as the sole challenger to President Abdel Fattah al-Sisi in an election in March the incumbent is set to win after other candidates withdrew citing repression.

Samir Abdel Azem, Egyptian lawyer of Ghad Party chairperson Mousa Mostafa Mousa, speaks on the phone between special forces soldiers after presenting presidential candidacy papers in Cairo, Egypt January 29, 2018. REUTERS/Mohamed Abd El Ghany

CAIRO: An Egyptian politician emerged just ahead of a deadline on Monday as the sole challenger to President Abdel Fattah al-Sisi in an election in March the incumbent is set to win after other candidates withdrew citing repression.

Mousa Mostafa Mousa leads the Ghad party that has endorsed Sisi for a second term and even organised events to help nominate the former military commander as recently as last week.

Sisi was elected in 2014, a year after leading the army to oust President Mohamed Mursi, an Islamist. It is the third election since protests in 2011 unseated long-time ruler Hosni Mubarak.

Several leading opposition figures called on Sunday for an election boycott, blaming repression that has cleared the field of challengers and left Sisi’s top opponent in jail.

At the time of Mousa’s registration, his personal Facebook page included a cover photo with Sisi’s face and “we support you as president of Egypt” written beneath it.

“We were supporting President Sisi before the decision to participate was taken,” deputy head of the Ghad party Mahmoud Mousa told Reuters.

“We have a respectable programme that we are offering to the Egyptian people and we are presenting ourselves just like any other candidate would,” he said.

Mousa said he registered his candidacy at the electoral commission after having collected the required number of nomination pledges, submitting his official paperwork just minutes before the final deadline.

Would-be candidates were required to register by 2 p.m. (1200 GMT) on Monday after clinching at least 20 nominations from parliament or 25,000 pledges from citizens across the country.

Mousa said he had netted 47,000 pledges and the backing of 27 lawmakers. The electoral commission said last week that Sisi had earned more than 1 million pledges. Over 500 of parliament’s 595 lawmakers had already pledged support for Sisi.

The vote, slated for March 26-28, has come under heavy criticism from the United Nations, rights groups, and opposition figures who say its environment has been compromised by intimidation of opposition supporters, arrests, and a nomination process stacked in favour of the incumbent.

The electoral commission has said that it will ensure the vote is fair and transparent.

The last-minute bid comes days after Hisham Genena, a former anti-corruption watchdog chief who had been working to elect former military chief of staff Sami Anan, was attacked and badly wounded outside his home on Saturday.

Anan’s campaign was abruptly halted after he was arrested last week and accused of running for office without military permission.

Following the attack, a group of prominent figures including members of Anan’s campaign, former Islamist presidential candidate Abdel Moneim Abol Foutoh, and Mohamed Anwar Sadat, who halted his own presidential bid out of concern for the safety of his campaigners, called for a boycott.

They said the state’s policies were paving the way for extended limits to presidential terms and were “removing any opportunity for the peaceful transfer of power”.

(Reporting by Momen Saeed Attallah, Nadine Awadalla, and Mahmoud Mourad; Writing by Eric Knecht; Editing by Matthew Mpoke Bigg)



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On Grammys red carpet, white roses are the motif, women's equality the message


REUTERS: Even the most outrageous outfits of feathers, sequins or lace included a simple white rose at the Grammy Awards show’s red carpet on Sunday (Jan 28) as the glitterati of the music world showed support for women’s equality and freedom from sexual harassment.

The roses – worn or held by both sexes on the red carpet outside New York’s Madison Square Garden – were a sign of solidarity with the Time’s Up movement, spreading from Hollywood to the music industry.

Lady Gaga, nominated for best pop vocal album for “Joanne” showed up in a Goth-inspired Armani gown in midnight black with a high Victorian collar, sparkling lace and a voluminous train. Perched high on her shoulder was a demure nosegay of white rose buds.

60th Annual Grammy Awards – Arrivals – New York, U.S., 28/01/2018 – Lady Gaga. REUTERS/Andrew Kelly

Kelly Clarkson held a long-stemmed rose in her hand as she chatted on the carpet, its white contrasting with her black gown which included elaborate gold embroidered sleeves.

60th Annual Grammy Awards – Show – New York, U.S., 28/01/2018 – Nick Jonas and Kelly Clarkson present the Best New Artist award. REUTERS/Lucas Jackson

The rose, Clarkson said, “represents hope and peace and sympathy and peace, and I thought those are very lovely things for any human being to encompass.”

“Girls Just Want to Have Fun” singer Cyndi Lauper, who launches a tour with Rod Stewart this summer, told E television network host Ryan Seacrest that women make up 51 percent of the workforce.

“It’s about time we’re paid equally,” said the pantsuit-clad Lauper, highlighting the movement’s focus on gender-based salary disparities.

InStyle fashion news director Eric Wilson told Reuters the striking white dresses seen on musicians such as Hailee Steinfeld, Cardi B, Sza and Lana del Rey packed a more effective punch than the ubiquitous roses.

“The white rose as a visual cue is underwhelming in effect in the same way that the music industry’s reaction to this crisis has been underwhelming,” said Wilson.

But the freestyle fashion spirit of the Grammys means its red carpet is “not about being the best dressed person, it’s about having fun,” Wilson said.

That was certainly the case with singer Pink, who found room for a white rose amid the flurry of fuchsia, electric blue and jet black marabou feathers making up her dress.

The bosom-exposing bodice of Bebe Rexha’s La Perla gown appeared too scant to accommodate a flower. Rexha opted instead to put her rose on her clutch.

Songwriter Diane Warren, meanwhile, wore gloves worthy of Wonder Woman, with the words “Girl” and “Power” scrawled across each set of knuckles.

The roses were not just for the women. Nominee Khalid wore a white rose on a cool white jacket worn over a turtleneck in chartreuse, while Sam Smith’s flower contrasted with his emerald green suit.

Sting, accompanied by musician Shaggy, looked dapper with a jaunty silk ascot, pink shirt and white handkerchief folded to resemble a rose in the pocket of his black jacket.

Singer Joy Villa – who made headlines in 2017 with her “Make America Great Again” gown in support of President Donald Trump – made another highly charged statement. Eschewing the white roses worn by others, Villa showed off a white gown hand-painted with the image of a foetus in a rainbow-coloured womb, accessorized by a “Choose Life” purse.



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Li edges McIlroy in thriller to win Dubai Desert Classic


China’s Li Haotong edged out Rory McIlroy by a single stroke in a thrilling final round at Dubai Desert Classic on Sunday to claim the second European Tour title of his career.

FILE PHOTO: Golf – The 146th Open Championship – Royal Birkdale – Southport, Britain – July 22, 2017 China’s Haotong Li hits his tee shot on the second hole during the third round REUTERS/Andrew Boyers/File Photo

REUTERS: China’s Li Haotong edged out Rory McIlroy by a single stroke in a thrilling final round at Dubai Desert Classic on Sunday to claim the second European Tour title of his career.

Li put on a late burst to card 69 and finish on 23-under for the tournament with a total of 265, setting a new record to par at Emirates Golf Club in the process by overhauling the mark of 22-under set by Thomas Bjorn in 2001.

The 22-year-old, who claimed his first European Tour title at the 2016 China Open, started the day a stroke ahead of McIlroy, but relinquished the lead in short order with a bogey on the first hole.

“Especially the first few holes, I was quite nervous,” Li said. “The first hole I made bogey and got to come back really quick, which was good.”

The duo then matched each other with birdies on the third and seventh, but McIlroy forged a two-stroke lead after the turn with a birdie on the par-five 10th as Li registered his second bogey of the afternoon.

The Northern Irishman was briefly pegged back after landing in the sand on the par-three 11th, but his two-shot advantage was restored when Li made his third and final bogey on the next hole.

The Chinese reacted with supreme composure in the clutch situation, going on to birdie four of his last six holes, including sinking a 25-foot putt on the 15th to draw level with McIlroy.

“The last four holes was some of the best shots in my life so far,” he said. “Happy to see I can hold a trophy here. I’m looking forward to my first Masters.”

McIlroy, a two-time winner in Dubai, went a long way right off the 16th tee and his failure to save par gave Li the outright lead. Both men closed with a pair of birdies apiece as the Chinese held his nerve to emerge victorious.

Englishman Tyrrell Hatton finished three shots behind the leader to claim third place, with Frenchman Alexander Levy a shot behind him in fourth and another Englishman, Chris Paisley, two shots further back in fifth on 17-under.

(Writing by Simon Jennings in Bengaluru, editing by Pritha Sarkar)



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US to make streaming services pay more for music


U.S. copyright authorities on Saturday decided to increase over the next five years the royalty payments music streaming companies like Spotify and Apple Inc must make to songwriters and music publishers, a trade association for music publishers said.

FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify in this February 18, 2014 illustration picture. REUTERS/Christian Hartmann/File Photo

REUTERS: U.S. copyright authorities on Saturday decided to increase over the next five years the royalty payments music streaming companies like Spotify and Apple Inc must make to songwriters and music publishers, a trade association for music publishers said.

The Copyright Royalty Board of the U.S. Library of Congress issued a written decision that altered the formulas used to determine how much of their revenue streaming companies must share with songwriters and the music publishing companies they typically hire to collect licensing fees on their behalf.

The National Music Publishers Association said the ruling, which has not yet been made public, will require streaming companies to give 15.1 percent of their revenue to songwriters and music publishers. The previous rate was 10.5 percent.

The board, which consists of three judges, held a trial last year in which the trade group squared off against Spotify, Apple, Alphabet Inc, Pandora Media Inc and Amazon.com Inc, which had opposed NMPA’s proposed rate increase.

“This is the best mechanical rate scenario for songwriters in U.S. history which is critically important as interactive streaming continues to dominate the market,” said NMPA chief executive David Isrealite in a statement.

A Pandora spokeswoman declined to comment.

Representatives of Apple, Alphabet, Spotify and Amazon did not immediately return requests for comment.

Streaming services must pay a fee, known as a “mechanical license,” every time a user listens to a song.

These licensing fees are typically paid to music publishing companies like Sony/ATV Music Publishing, which collect the fees on behalf of recording artists in exchange for a commission.

U.S. law requires the Copyright Royalty Board to set the rates for these mechanical licenses, rather than letting publishers negotiate rates with streaming services.

(Reporting by Jan Wolfe; Editing by Chris Reese)



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Deutsche Bank to hike bonuses to much more than one billion euros for 2017: FAS


Deutsche Bank will hike yearly bonus payments to much more than one billion euros (US$one.two billion) irrespective of publishing its third consecutive yearly decline in 2017, a German newspaper reported.

The head quarters of Germany’s Deutsche Bank are photographed early evening in Frankfurt, Germany, January 31, 2017. REUTERS/Kai Pfaffenbach

FRANKFURT: Deutsche Bank will hike yearly bonus payments to much more than one billion euros (US$one.two billion) irrespective of publishing its third consecutive yearly decline in 2017, a German newspaper reported.

The shift comes amid worry another yr of reduced bonuses could prompt financial commitment bankers to defect to much more generous competitors, German weekly Frankfurter Allgemeine Sonntagszeitung claimed on Saturday, citing unknown sources.

Deutsche Bank declined to comment on the report.

A supply experienced explained to Reuters in Oct that Deutsche Bank, which is struggling to hold speed with Wall Avenue corporations, would shell out greater bonuses in 2017 but that the actual stage would depend on how its financial commitment bank fared by the finish of the yr as perfectly as on what its competitors shell out.

A return to even bigger bonuses would be a aid for bankers at Deutsche Bank, exactly where whole bonus payments dropped from two.4 billion euros in 2015 to around 500 million euros in 2016 just after a multi-billion greenback authorized fine for the sale of toxic debt.

But Deutsche Bank has to tread carefully on payout concentrations for the reason that credit rating score agencies are preserving shut tabs on them and shareholders are pissed off by its gradual turnaround.

The bank warned this month that weak buying and selling, reduced shopper activity and a one.5 billion euro hit from a tax overhaul in the United States would final result in a “compact” 2017 decline.

“The bank will have to ship constructive indicators in 2018, normally there will be a difficulty. The funds marketplace is very impatient,” Ingo Speich, a fund supervisor at Union Financial investment, explained to Frankfurter Allgemeine.

“There is no proof so considerably that Deutsche Bank’s tactic will ever direct to results,” he claimed.

Germany’s most important bank declared an overhaul in March very last yr that involved integrating its Postbank retail bank with its in-house client bank in an work to slash charges, as perfectly as the partial sale of its asset management company.

A single supply explained to Reuters on Saturday that Deutsche Bank aimed to go in advance with the flotation as quickly as attainable, which could be in March or April.

The offering’s prospectus, which has to be authorised by money watchdog Bafin, has not but been accomplished, the human being extra.

Frankfurt Allgemeine previously claimed that Deutsche Bank aimed to float the asset management company, which could attain a whole valuation of around eight billion euros, in March at the most recent.

(US$one = .8052 euros)

(Reporting by Maria Sheahan and Tom Sims Modifying by Mark Potter/Jeremy Gaunt)



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Samsung Electronics to near just one of two assembly vegetation in Slovakia


South Korea’s Samsung Electronics claimed on Saturday that it would consolidate its Television manufacturing vegetation in Slovakia, closing just one of the two services in the European region.

FILE Photo: The symbol of Samsung Electronics is found at its workplace building in Seoul, South Korea, August twenty five, 2017. REUTERS/Kim Hong-Ji/File Photo

BRATISLAVA/SEOUL: South Korea’s Samsung Electronics claimed on Saturday that it would consolidate its Television manufacturing vegetation in Slovakia, closing just one of the two services in the European region.

Samsung has two assembly vegetation in Slovakia – at Galanta and Voderady – largely creating Liquid crystal display TVs.

Samsung claimed combining the two vegetation was to enhance performance. All staff at the Voderady plant would be offered the likelihood to move to Galanta on a voluntary foundation with equal functioning issue, the business claimed.

“Samsung Electronics is consolidating its manufacturing services in Voderady and Galanta in purchase to enhance its synergy and performance, ” it claimed in an emailed statement.

The announcement followed a area media report in Slovakia that the South Korean digital giant would near just one of the vegetation and all 568 main employees would be offered a transfer to a further facility.

(Reporting By Tatiana Jancarikova in BRATISLAVA and Ju-min Park in SEOUL Editing by Susan Fenton and Tom Hogue)



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