The Federation of Malaysian Manufacturers (FMM) has welcomed the deferment of the Employment Insurance System (EIS) Bill to the next Parliament session.

"The decision by the government to initiate further consultation on the model involving four ministers is definitely a step in the right direction," FMM said in a statement today.

The cabinet has postponed the passage of the EIS last Friday, to engage with stakeholders.

FMM had earlier voiced objections to the bill, which is intended to help retrenched workers, saying there was no proper and open consultation with stakeholders during the development of the bill...