Question: When Octo Electronics, a large multinational corporation (MNC) moved its business to Vietnam from Singapore in 2019, many small enterprises in the Singapore electronics industry

When Octo Electronics, a large multinational corporation (MNC) moved its business to Vietnam from Singapore in 2019, many small enterprises in the Singapore electronics industry lost substantial contracts. Some companies even closed permanently. What happened to many of the employees working in this industry??

They were suspended.

They were hired by Octo Electronics.

They were transferred to Octo Electronics.

They were downsized.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

5/21/2016 University of Phoenix: Management PRINTED BY: cherylesowell2012@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without...

Chapter 7 from Mastering Strategic Management was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested by the...

Evaluation and Control in Strategic Management Evaluation and control information consists of performance data and activity reports (gathered in Step 3 in Figure 11-1). If undesired performance...

1. Does Vietnam represent an attractive investment opportunity? Justify your answer. 2. Is it too late for U.S. companies to enter Vietnam? Justify your answer. Vietnam: Market Entry Decisions In May...

4. What are pros and cons of manufacturing in Vietnam? 5. What factors will determine the success of MNCs in Vietnam? Vietnam: Market Entry Decisions In May 1996, three U.S.-based multinational...

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

What more is to be done? (or) How will these findings be applied? What is more is to be done ? (or) How will these findings be applied Subject : business communication and negotiation technical...

The current issue and full text archive of this journal is available on Emerald Insight at: https://www.emerald.com/insight/2515-8961.htm Institutional factors and Subnational location choice...

For the exclusive use of A. Bouabid, 2020. SMU SINGAPORE MANAGEMENT UNIVERSITY SMU818 CARLOS GHOSN: THE RISE AND FALL OF AN AUTOMOBILE LEGEND (A) Looking back at May 1999, Carlos Ghosn would have...

Summary this parts17.1 and 17.2 in this lesson and give one Case study with this lesson. 548 Lext 17 Leadership, Organization, 7 and Corporate Social Responsibility LEARNING OBJECTIVES the companies...

The text portrays the budgeting process as a linear progression from one budget to another. In practice, budgets are rarely linear and are much more recursive. What are the costs and benefits of...

As advisors to the CEO of a new (mid-priced) Canadian electric vehicle manufacturer, you have been assigned to assess the macro environments of Nigeria and Turkey. And, based on your assessment, come...

Whose responsibility is it to assess inherent risk? Auditor is responsible Management is responsible Both are responsible Neither are responsible

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...