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Nissan Motor plans to cut around 900 jobs in Europe, or about 10% of its regional workforce, as part of a broader global restructuring effort aimed at improving profitability and efficiency. The Japanese automaker said the job cuts will mainly affect white-collar and warehouse roles, with its European headcount currently at about 9,300 employees. As part of the plan, Nissan will also streamline production at its Sunderland plant in the UK, reducing operations from two production lines to one to improve plant utilisation. The company confirmed that the changes will not impact production-line workers at the facility. The move is part of a wider turnaround strategy launched last year under CEO Ivan Espinosa, which aims to restore profitability following recent losses, reduce Nissan’s global manufacturing footprint, and cut its total workforce by 15% worldwide. Nissan said it is taking steps to build a leaner and more resilient business, including operational changes across Europe. These include the partial closure of a warehouse in Barcelona and a shift to a new distribution model in Nordic markets, where importer partners will take on a larger role. In Spain, around 500 employees work in functions affected by the proposed cuts, although the final number will be determined through discussions with labour unions and is expected to be lower. Nissan said it will provide further updates on its restructuring progress when it announces its full-year financial results later this month, with additional strategic plans to be revealed later in the year.

IQ Group Holdings Bhd is closing its manufacturing operations in Penang that produce motion sensors and lighting products due to declining orders. The company said in a Bursa Malaysia filing that 37 employees will be retrenched, while a small team will remain to manage third-party supply and external manufacturers. It added that no alternative roles will be offered to affected staff. IQ Group said the closure will not impact its other manufacturing operations in China, or its offices in Taiwan, Japan and the UK. The Penang plant, operated by its wholly-owned subsidiary IQ Group Sdn Bhd, has seen a sharp drop in orders over the past three years as customers shift production to China for lower costs, while US tariffs also affected volumes. The company said production in Malaysia is no longer commercially viable, with the final production batch completed in April and no new orders received since. IQ Group added it has been coordinating with customers to manage inventory for remaining product needs, while some products have been redesigned for lower-cost manufacturing in China. It said the closure affects about 5% of group revenue. One-off costs of RM2.9 million will be recorded for write-offs and retrenchment compensation. The shutdown is expected to be completed by September and generate annual savings of about RM1.81 million. For the financial year ended March 31, 2025, IQ Group posted a net profit of RM490,000, while revenue fell nearly 14% to RM110.35 million. Revenue has declined 17% over the past three years.

GIIB Holdings Bhd said it is evaluating a potential investment in a healthcare-related business following a query from Bursa Malaysia over unusual trading activity in its shares. In a filing on Monday, the group said the proposal is still at a preliminary stage, with key terms and details yet to be finalised. The stock surged despite the group’s auditor recently flagging a material uncertainty related to its ability to continue as a going concern, citing losses, negative operating cash flow and a mismatch between short-term liabilities and assets. “The board wishes to inform that the company is currently in the midst of considering a potential investment in a healthcare-related business,” it said, adding that any material developments will be announced accordingly. GIIB, whose core businesses include rubber compounding, tyre retreading, rubber trading and property development, said it is not aware of any other corporate developments or rumours that could explain the recent share price movement. The clarification came after Bursa issued an unusual market activity (UMA) query, following a sharp spike in GIIB’s share price on Monday. The stock rose as much as 50% intraday before closing 45.45% higher at 16 sen, its highest level in over four years, with 56.8 million shares traded. It was also the fifth most actively traded stock on the exchange. The surge came despite auditors recently flagging uncertainty over GIIB’s ability to continue as a going concern, citing losses, negative cash flow and a mismatch between short-term liabilities and assets. Auditors also issued a qualified opinion on its FY2025 accounts due to issues including the deconsolidation of its glove unit and recoverability of receivables.

Sarawak Consolidated Industries Bhd said shareholders have approved its RM151.2 million divestment exercise at an extraordinary general meeting on Monday. The deal involves the sale of its entire stake in SCIB Concrete Manufacturing Sdn Bhd for RM113 million, as well as seven parcels of land worth RM38.19 million. In a statement, the group said the disposal is part of its strategic reset to unlock value from its manufacturing assets and landbank, while shifting focus towards its engineering, procurement, construction and commissioning (EPCC) business. SCIB added that the move is expected to strengthen its balance sheet by improving liquidity and generating cash inflows. Proceeds from the sale will be used to fund ongoing and future construction and EPCC projects, support property development activities, and boost working capital. Executive chairman Chong Loong Men said the exercise marks a reset for SCIB on a stronger and more focused foundation. As at end-December 2025, SCIB’s accumulated losses widened to RM103.9 million, while total liabilities rose to RM201.9 million. Cash stood at RM22.2 million against borrowings of RM38 million. SCIB shares closed up 0.5 sen or 3.7% at 14 sen on Monday, giving the group a market value of RM99.52 million.

AGX Group Berhad said it is restructuring its regional logistics business through a share swap involving its Philippines and Singapore units. In a Bursa Malaysia filing, the third-party logistics provider said it will transfer its stake in All-Link Philippines to its Singapore associate as part of a corporate restructuring exercise aimed at consolidating regional operations. Following the exercise, AGX’s effective stake in All-Link Philippines will fall to 31% from 47.99%, while its holding in All-Link Singapore will be reduced to about 23.2% from 30%. The transaction, valued at RM856,048 (S$276,689), will be settled through the issuance of 1,447 new shares in All-Link Singapore to AGX Logistics (S) Pte Ltd. AGX said the move will help unlock value in its investment, strengthen the associate’s capital base, and support its regional expansion. Group CEO Ponnudorai Periasamy said the exercise marks a key step in crystallising the value of its investment in All-Link, while improving governance, transparency, and access to capital for future growth. On Monday, AGX shares closed 0.5 sen lower at 42.5 sen, giving the group a market value of RM183.79 million.