Job losses up 42% in Q1 | The Malaysian Insight

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Job losses up 42% in Q1

To prevent retrenchments, the government has allocated RM14.05 billion in funding to the ERP and PSU programmes in addition to enhancing EIS benefits.– The Malaysian Insight file pic, June 3, 2020.

JOB losses in Malaysia rose 42% year-on-year for this first quarter, according to the Social Security Organisation’s employment Insurance System . In a report on the impact of the pandemic on employment outlook for Q1 2020, Socso said the virus outbreak had affected many businesses, with 37% reporting a drop in business and 42% unable to operate as usual.

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