KUALA LUMPUR: VS Industry Bhd
’s (VSI) labour shortage woes are expected to remain for the remainder of its current financial year ending July 2022 (FY22), despite efforts being made to beef up its workforce.
Hong Leong Investment Bank (HLIB) Research in a report yesterday said recruitment expenses could sum up to around RM30mil, which is expected to be fully incurred in FY22 and subsequently claimed from customers.
“We understand that, if the recruitment process goes as planned with the 3,700 foreign labour quota allocated, VSI would be able to ramp up their operations by 40%,” it said.
VSI is engaged in manufacturing, assembling and sale of electronic and electrical products, as well as plastic moulded components and parts.
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