More Penang factories taking steps to cushion the economic turmoil impact

I just received an email from a friend of mine who works in one of the factories in Bayan Lepas, Penang on this. More factories taking drastic actions!

Flextronics 4 days week for Month Nov and Dec.

AMD Penang announced this morning VSS lay off 500 employees.

Spansion force to take leave (5 days in this quarter)

Jabil planned shut down from Dec 24 to Jan 4, will be 6 days leave.

Agilent planned shut down from Dec 24 to Jan 4, will be 6 days leave.
Jan09 might have another shutdown. No increment 2008 review.

Avago no plan shutdown as no more in house production, hiring freeze.

ASE shut down every fortnightly on Monday starting from Nov 3.

Fairchild planned 'Mass Vacation' for 9 days leave in FY08

INTEL - No increment 2008 review, VSS for those under perform and
massive cut cost/travel 2009, no shutdown plan yet

Motorola, Penang- Still hiring+profit, suspect got government 'look after',
Singapore cellphone plant cut 800 job and now waiting for sale.

Siltera, kulim - Propose close down this Malaysian 1st Fab company, loss RM4billion in 2008

SENSATA Plant shutdown from 22 DEC 2008 to 02 JAN 2009; NO increment in 2009;
NO Profit Sharing in 2009!

What about the company you're working with? What action plans have been announced? For those who are self-employed, what's your plan? For full-time mommies, what are you doing to help to cushion the impact on your family? Or there's no need to worry at all?

Well as for myself, I always believe in the philosophy that "Tough times create more winners"!