Younger people have a greater advantage because they are more agile, flexible and IT-savvy, says the MEF.
MEF executive director Shamsuddin Bardan said most employers were now unable to offer long-term permanent employment as they are not sure of the sustainability of their businesses. Some employers that are hiring are offering shorter, fixed-term contracts of one year or less. As such, those closer to retirement age may be among the first to be retrenched to ensure younger employees can continue contributing to the company, he said.
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