With the global economy in turmoil and major companies laying off workers to keep themselves afloat, several international and local corporation have been forced to close their doors for good.
One of them is Nationwide Express Courier Services Bhd, who announced that they would be ceasing operations effective Dec 15, reported The Edge Markets.
Closing after 37 years
According to Nationwide Express’ head of strategic sales and marketing Syahrindah Azman, he said that a winding-up petition filed against the company was the reason for its closure.
The winding-up petition may cause the business and operations to stop, and consequently leading to the company’s termination.
He added that the last pickup will be on Dec 7 and will officially cease operations on Dec 15.
“We wish to put on record that we have always valued the business relationship that has existed between us over the years, and once again thank you for your support,” he said in a statement.
Nationwide Express was founded in 1985 by the late businessman Tan Sri Basir Ismail and quickly became one of Malaysia’s top courier service providers during its heyday.
According to its website, Nationwide Express has a total of 1,100 employees, a fleet consisting of more than 300 vehicles and 500 motorbike couriers.
It also has a wide network spanning across 150 branches and agents in Malaysia, Singapore and Brunei, who process more than 40,000 packages daily.