#retrenchment

Socso stats show nearly 100k in country lost their jobs in 2020 - reports.

The business is both to earn some income after she loses her job and to help others.

PARLIAMENT | A total of 59 percent of the unemployed in the country are highly-skilled workers.

This is Star Media Group's fourth downsizing since 2013.

Ultimate wild cards in the job outlook are how many businesses can remain resilient during second wave of Covid-19.

HK airline also seeks changes in cabin crew, pilot contracts as part of RM1.2b restructuring.

The minister says Labour Department data shows only far fewer works laid off compared with the number of EIS claims filed.

Its CEO told staff in a note the loss-making firm will cut just under 5 pct of headcount, or about 360 employees.

LETTER | During the current Covid-19 pandemic, it is a common industrial practice to lay-off part of the labour force.

The minister says the gov't estimates a million will lose jobs without reopening economy.

The 398 employers have applied to carry out retrenchment and wage cut exercises involving 15,597 workers in the MCO period.

The hotels are closing due to lack of revenue as a result of MCO and the coronavirus pandemic.

CORONAVIRUS | Hassan Karim says this was despite subsidy schemes by the gov't to help SMEs retain their staff.

It says there is also a need to review the Employement Insurance Scheme to expand its coverage.

CORONAVIRUS | Despite taking other cost-cutting measures to retain staff, many firms may have to lay off up to 30 pct of employees: FMM.

Its executive director says retrenching workers will ultimately incur a higher cost than preventing the layoff.

Retrenchment to affect NST, Berita Harian and Harian Metro employees who will leave in March.

Those who are eligible will obtain five months of benefits under the Job Search Allowance (JSA) scheme.