Retrenchment in Malaysia slowing down

RETRENCHMENT in Malaysia is slowing down and thus shows signs of stabilisation, said Human Resources Ministry secretary-general Datuk Thomas George.

He said this was based on the number of those retrenched in the last one month, not having changed from 23,500 locals and 7,955 foreigners.

Speaking on the sidelines of the National Seminar on Work, Income and Gender Equality in Kuala Lumpur, George said the ministry had so far found jobs for 5,594 of the retrenched workers.

At the same time, he said, there were 28,000 vacancies for various jobs ranging from machine operators, clerks, supervisors to professionals.

He said the ministry was also taking a proactive stance in ensuring that retraining was provided for the retrenched and other unemployed so that they could get alternative jobs.

The training would be on a hands-on basis, tailored to the specific needs of the industry and would be provided by 40 training providers based all over the country.

Source: Bernama