Latest News on Retrenchment and News Release on Initiatives by PSMB

22 January 2018
Auto sector to offer 30,000 jobs in 2018, group says - Malay Mail Online
KUALA LUMPUR, JAN 22 — The Malaysian Automotive Institution (MAI) forecasts a whopping 30,000 job openings in the sector this year, with over a quarter for skilled labour. Its chief executive officer, Datuk Madani Sahari said the demand for skilled workers is expected at 31 per cent of the 29,641 jobs, higher than the 27,175 jobs created last year and the 25,850 created in 2016. “One of the thrusts of the national Automotive Policy 2014 is the enhancement of human resource capabilities to meet industry needs,” he told New Straits Times in a report published today.
17 January 2018
Making a good career match - New Straits Times
AS Sijil Pelajaran Malaysia (SPM) school-leavers close one chapter in their life and start another, they now face the daunting task of taking the next step — choose the right course of study. After a structured school system where students generally pursue either the science or arts stream, how best can they decide on the field of study and programme? A profession should be chosen with great care and it should not be taken lightly. The decision is the first step towards determining the path the future will take.
28 December 2017
Finding work after redundancy in your 40s: tips for success
Feeling over-qualified and outdated? Getting back into the jobs market post-40 can be challenging after redundancy Some see redundancy as an opportunity for career reflection and possible change of direction. But often the reality is that getting back in the jobs market post-40 can be a challenge.
16 December 2017
Company finalising payment for workers - The Start Online
KUANTAN: Kinsteel Berhad is still in the midst of finalising the outstanding salary payment for its retrenched workers here. Its chief executive officer Datuk Henry Pheng Chin Guan said the company was currently computing the final payment and negotiating with the workers’ union representative. He said this in response to the incident where more than 80 former Kinsteel workers held a picket in front of the plant in Gebeng here to demand for their remaining salary payment.
06 December 2017
Retrenched M’sian Employees Can Get Up to RM600 Allowance/Month in 2018
Getting retrenched is definitely a low moment in any hardworking employee’s life and opens up a whole new set of worries for us as our main source of income is cut off suddenly and unexpectedly. While there is usually compensation given, it is still rather worrying! Dreading going to work each morning and actually losing it is a big difference! Source: CNBC According to NST, the government has recently approved a new scheme aimed to help the suddenly jobless Malaysians by giving them financial aid. Starting in January 2018, workers who are retrenched are eligible for an interim benefit where cash allowances of up to RM600 per month will be given for a maximum of three months under the Employment Insurance System (EIS). RM600 is better than nothing!
05 December 2017
Retrenched workers to receive cash allowance starting 2018
KUALA LUMPUR: Starting next year, retrenched workers will qualify for an interim benefit in the form of cash allowance of RM600 per month for a maximum of three months under the Employment Insurance System (EIS). Social Security Organisation (Socso) chief executive officer Datuk Dr Mohammed Azman Aziz Mohammed said the government had allocated RM122 million to enable Socso to implement the EIS.
27 November 2017
Employers cannot retrench their workers at will - Malaysia Kini
LETTER | With the worldwide economic slowdown, several companies and organisations have no choice but to cut back and downsize their business. As such, retrenchment has become a major issue in the country. The impact of retrenchment for the employee especially those who have worked and served for many years can be disastrous as it not only impacts the individual worker but also their dependents and families. With the current economic landscape and high competition which come from both local and foreign workers in the country, it is also tougher for most to seek for new jobs.
23 November 2017
Malaysian Employers Are Not Allowed To Simply Terminate Workers In Times Of Crisis
Employers who arbitrarily terminate the employment of a worker when times are bad could be held liable to pay a fine of RM10,000 In fact, if an employer must retrench its staff in times of crisis, they would first have to let go of foreign workers before local workers, according to Deputy Human Resources (HR) Minister Datuk Seri Ismail Abdul Muttalib. The Deputy HR Minister, who was addressing the Dewan Rakyat today, 23 November, said, "Section 60 of the Employment Act 1955 (Act 265) states that no employer can arbitrarily terminate the employment of local workers to employ foreign workers.
13 November 2017
GST caused some companies to close shop, says minister
SOME companies have shut down because of the goods and services tax (GST), says Second Finance Minister Johari Abdul Ghani. Johari did not disclose details as the matter is still under investigation. "Some are respectable (companies), this is one of the reasons we cannot disclose. But many excuses were given some said they are old. Don't want to do business. Create new companies.
05 November 2017
Think like tech companies
WHAT do Alibaba’s Jack Ma, Amazon’s Jeff Bezos and Silicon Valley entrepreneur Laurene Powell Jobs have in common? The three investors have bucked the trend by buying into the legacy newspaper and publishing business despite the bearish outlook of the sector, with some detractors arguing that print is dying or dead. Ma bought into South China Morning Post (SCMP), the 114-year-old English-language newspaper, in late 2015, raising eyebrows over why his China e-commerce giant was investing in a traditional print business, which others have shunned.
04 November 2017
Mental health support lacking at workplace - The Malaysian Insight
TOO few Malaysian employers are investing in workplace initiatives to support mental health, as the increasing number of psychiatric patients in recent years threatens national productivity and their quality of life. Head of Selayang Hospital’s Psychiatric Department Dr Toh Chin Lee said out of the more than 5,000 registered companies in Malaysia, including several multinational corporations (MNC), only a handful have taken a proactive approach in creating a workplace environment that helps promote positive mental health.
30 October 2017
5 Giant Supermarket Outlets To Close Down In M'sia, No Decision Yet On Fate Of Affected Staff
Rumours have been circulating on social media since earlier this about several Giant supermarket outlets that are expected to close down by early November. Yesterday, Giant brand owner GCH Retail (Malaysia) Sdn Bhd issued a statement confirming the closures and said it will cease operations of the following Giant stores upon expiration of their respective leases: • Giant Sri Manjung (Perak) • Giant Sungai Petani (Kedah) • Giant Shah Alam City Centre (Selangor) • Giant Selayang Lama (Selangor) • Giant Sibu (Sarawak) The statement explained that the move to close down the stores was made after it reviewed its operations and the decision taken was to “relook our operations to increase effectiveness and productivity”, the company was quoted in a The Malaysian Insight (TMI) report.
27 October 2017
Five Giant Outlets To Shut Down By 5 November
The closures were confirmed by GCH Retail (Malaysia) Sdn Bhd yesterday, 26 October. The group is the operator and owner of Giant. GCH said that these outlets have reached the end of its lease term at these premises. "The group said it has reviewed its operations and the decision was made to improve efficiencies and productivity," The Sun Daily reported.
11 October 2017
Employers prefer experienced workers than fresh graduates - JobsMalaysia
GEORGE TOWN: Employers' preference for experienced workers has made it harder for fresh graduates to get jobs. JobsMalaysia director Mustafa Kamal Bawaihi said employers usually prioritised experience rather than academic qualification or talent when employing workers. “That means, they will ignore fresh graduates without experience. “So the many fresh graduates, which make up for the majority of the 3.4 per cent unemployment rate, with excellent academic qualification and talent are not picked because they lack experience. Not because they lack the capability,” he said after opening the Malaysian Youth Career Development Club seminar in Bayan Lepas here today.
10 October 2017
Human Resources duly responded to queries from retrenched Malaysia Airlines staff
KUALA LUMPUR: The Human Resources Ministry said it is not required by law to explain the delay in taking up the cases of 3,600 retrenched Malaysia Airlines staff to the Industrial Court. Minister Datuk Seri Richard Riot Jaem nonetheless said that the ministry, through the Industrial Relations Department, had sent out letters to the affected workers explaining the situation. The letters, he said, had to date been sent to some 1,500 of the 3,600 laid-off unionised MAS staff. "That to me is sufficient as a response…we're not required by law to give an explanation," he told reporters after opening the ASEAN Productivity-Linked Wage Conference here today.
09 October 2017
Aimless after being retrenched - Star Online
KUALA LUMPUR: In 2016, almost 40,000 Malaysian employees were retrenched from their jobs, according to data reported to the Labour Department. As of June this year, 17,798 workers have been retrenched. These numbers, however, are just the tip of the iceberg. It is believed that the actual number of Malaysians who lost their jobs during this period is significantly higher, as many small and medium enterprises (SMEs) and micro-enterprises are not aware of the requirement to report lay-offs and retrenchments to the Labour Department.
08 October 2017
Aeon: We're not closing down Quill City Mall outlet - The Sun Daily
PETALING JAYA: Aeon Co (M) Bhd has refuted market talk of an impending closure of its outlet at Quill City Mall in Kuala Lumpur, which has underperformed its peers in the challenging market environment. In an email reply to SunBiz, Aeon said it is in the midst of refurbishing and upgrading its existing malls and stores while expanding its customer experience throughout the country by setting up new malls, with the latest being the one in Bandar Dato’ Onn, Johor Baru. “For the moment, we do not have any plans to close down any of our operations including Quill City. We believe in the importance of growing our brand irrespective of the uncertain economic situation as we are committed in offering continuous customer experience,” Aeon noted.
19 September 2017
HRDF vows to stamp out corruption
THE Human Resources Development Fund (HRDF) has reaffirmed its vow to curb corruption in the work environment. Represented by its chief executive Datuk C.M. Vignaesvaran Jeyandran, the agency signed a Corruption-Free Pledge with Malaysian Anti-Corruption Commission (MACC) Anti-Corruption Academy deputy commissioner Datuk Idris Zaharudin, witnessed by Human Resources Ministry secretary-general Datuk Seri Adenan Abd Rahman. During the ceremony, 312 senior management and staff members at the HRDF headquarters also declared their pledge.
18 September 2017
Toys 'R' Us Employees In The Dark About Their Future - MalaysianDigest.com
KUALA LUMPUR: The fate of Toys ‘R’ Us employees in Malaysia is in limbo as they have not received any notification about change in their employment. Amidst report by Reuters, the toy retailer could file for bankruptcy in the coming weeks. The employees, when contacted by the New Straits Times, said they were not given any notice by their superiors on the corporate development. Store supervisor who wanted to be known as Qeela said she heard rumours among her colleagues but she was not sure. “The rumours about the store closure has been going on for weeks. Since there is no official notice yet, I will continue my work as usual,” she said.
16 September 2017
Petronas denies it plans to lay off 5,000 employees in 2018
Petronas today denied an allegation made by a blogger saying that it planned to terminate 5,000 employees next year in what was claimed as another round of “staff reduction” exercise, group-wide. In a statement, the national oil giant company said it “categorically denied” such an allegation made by blogger Syed Akbar Ali on his OutSyed the Box site.