Objection to unemployment insurance sen wise, ringgit foolish
MTUC deeply regrets that employers are dead set against the Employment Insurance Scheme that was tabled for first reading in Parliament.
Due to their intense lobbying and pressure, the government has deferred the second reading to obtain more discussion and feedback.
The Human Resource Ministry has been undergoing a series of discussions with the participation of the major stakeholders. These discussions are not new at all, they started more than 10 years ago.
Given their objection to the minimum wage, even the minimum retirement age, employer’s objection to the Employment Insurance System (EIS), is not surprising nor is their usual fear-mongering that EIS will make businesses unsustainable.
MTUC recalls that in their bid to stop the minimum wage, they claim that 600,000 businesses will go bankrupt. Their failed prophecy is quite embarrassing...