fbpx
Connect with us

News

MEF: 2 Million People Are Going To Be Jobless After Raya

Published

Work
Source: Nestia

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

We knew the MCO was not going to be an easy one. But it seems that things are only going to get harder before we see the light at the end of the tunnel.

Following the economic slump due to the COVID-19 pandemic and the enforcement of MCO and subsequently CMCO, it has been reported that more job losses and retrenchments are to come.

According to Shamsuddin Bardan, Executive Director of Malaysian Employers Federation (MEF), Malaysians should brace themselves for retrenchments post-Raya.

Shamsuddin Bardan

 

Termination of employees usually happen after festive season

He said that termination of employment usually takes place after the festive season because employers will save their workers for the festive period.

He further explained that the MEF has budgeted more than 2 million workers will lose their jobs, this includes fresh graduates and 610,000 workers who had lost their jobs before March 2020.

Retrenchments are the solution for employers who are taking up loans and using their personal savings to pay their workers’ salaries.

Retrenched 02

 

Suggestions for the economy

Shamsuddin recommended that certain steps could be taken by the employer to come to the forefront of the economic situation. Among them is to reduce the Employees Provident Fund (EPF) incentive paid by employers to workers from 11% to 5%.

He also recommended a ceiling rate for salary deductions and flexible workings hours as a compromise or settlement with workers unions as this step is in line with the “new normal”.

He went on to say that the government had made a good decision to reduce foreign workers in wet markets throughout the city centre. This is because wet markets will be cleaner and safer without foreign workers.

Capture 1

Although local workers’ salaries are higher, employers will reduce their costs as they do not have to pay the cost of permits and employment documents for foreigners.

 

Also read: Govt Is Giving Unemployed Malaysians 3,800 Courses For FREE To Increase Their Skills

Lost Job 1

Source: Sambal Daily
Source: AsiaOne
Source: Youtube

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 89 Collage 89
News10 hours ago

Johor Government May Implement a 4.5-Day Workweek in the Near Future

A 4-day workweek sounds ideal, but a 4-and-a-half day workweek doesn’t sound bad either. Johoreans may be in luck next...

My Post 1 2024 11 21T160023.537 My Post 1 2024 11 21T160023.537
News11 hours ago

“UPSR get D, SPM can get A” – PMX Responds to BERSIH Giving Him a Grade D in ‘Report Card’

Prime Minister Datuk Seri Anwar Ibrahim has opened up about BERSIH’s ‘report card‘ on his administration’s performance in conjunction with...

My Post 1 2024 11 21T114442.032 1 My Post 1 2024 11 21T114442.032 1
News15 hours ago

PDRM is Offering 60% Off Selected Traffic Summons at Govt’s 2nd Anniversary Event This Weekend!

In conjunction with the MADANI government’s 2nd anniversary on 24 November (Sunday), the Ministry of Home Affairs of Malaysia (KDN)...

Collage 17 1 Collage 17 1
News1 day ago

MCPF Calls for Vape Ban, Warns Addiction to Substances Can Lead to Unhealthy Behaviours Like Theft

The Malaysian Crime Prevention Foundation (MCPF) is urging for the sale of e-cigarettes or vape devices to be banned or...

Feat Image Lesen Feat Image Lesen
News1 day ago

Anthony Loke: Road Users in M’sia May Have to Pay for Physical Driving License Cards Starting Next Year

Transport Minister Anthony Loke Siew Fook today iterated that the Government will continue with the implementation of digital driving licenses...

Collage 15 2 Collage 15 2
News1 day ago

Filipino Couple Caught Living & Working Illegally in Malaysia Using Fake MyKads That Cost RM250 Each

A Filipino husband and wife were arrested during a raid on November 19 at a house in Pandan Indah yesterday...

Feat Image Apple Ind Feat Image Apple Ind
News1 day ago

Apple Offers to Increase Investment in Indonesia Tenfold to RM446 Million to Lift Country’s iPhone 16 Series Ban

Previously, we shared how the Apple iPhone 16 Series is banned from being sold in Indonesia until the tech giant...

My Post 1 2024 11 20T144359.263 My Post 1 2024 11 20T144359.263
News1 day ago

BERSIH Names Ismail Sabri the Best PM Since 2009, Calls Out PMX for Lack of Urgency with Reforms

In conjunction with the upcoming 2nd anniversary (24 November) of Anwar Ibrahim’s administration, The Coalition for Clean and Fair Elections,...

Announcement

Latest Videos



TRENDING TODAY