Malaysiakini
NEWS

Job losses increase by 42 pct in the first quarter - Socso

Bernama

Published
4

CORONAVIRUS | Due to the Covid-19 pandemic, job losses in the country has increased by 42 percent year-on-year for this first quarter (Q1 2020), according to the Social Security Organisation’s (Socso) Employment Insurance System (EIS).

In a report titled Employment Outlook, the 1st Quarter of 2020, Volume 4/2020, The Impact of COVID-19 on Loss of Employment (LOE), EIS said the pandemic has impacted many businesses, to experience a drop in demand at 37 percent or being unable to operate as usual at 42 percent.

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