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MEF: Unemployment rose due to triple whammy

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PETALING JAYA: The overall economic slowdown, political uncertainty in February and the Covid-19 pandemic are the “triple whammy” that have caused unemployment to rise, says the Malaysian Employers Federation (MEF).

Its executive director Datuk Shamsuddin Bardan said when the Covid-19 outbreak first set in, politicians were not paying attention to it as they were busy “politicking”.

“That RM5.9bil, you divide it by three months, it is about RM1.97bil but the wages for the formal private sector is RM27.5bil per month, covering 7.6 million workers. He said there were also some conditions under the wage subsidy programme which were limiting, causing more confusion. MTUC said many employers also applied to dismiss local workers through various methods such as Volunteer Separation Scheme, Mutual Separation Scheme, Employment Temporary Lay-Off Benefit and Retrenchment Benefit, among others.

 

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Our government must try its level best to protect employment so we need clear guidelines, policy & most importantly subsidy to businesses not just SME to help keep the jobs. All businesses suffered! If businesses collapsed and people lost the jobs, all suffered.

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