Thursday, November 14, 2013

MALAYSIA::: MTUC:::Call for plan to tackle retrenchment wave

PENANG MTUC has called on the state government to formulate an action plan to deal with the prospect of more retrenchments.
Referring to a report which quoted Chief Minister Lim Guan Eng as saying that the global economy was growing at a slower rate than earlier forecast, state MTUC secretary K. Veeriah said such a plan was needed to allay fears among blue collar workers.

Already, in the services sector, there were reports of some employers offering voluntary separation schemes, Veeriah noted in an interview yesterday.
Veeriah noted that the manufacturing sector, especially the electronic and electrical sub sectors, accounted for about 70% of Penang’s production output.
“If global orders drop, then there is a strong possibility that employers will resort to reducing their workforce, ” he said.
Penang is believed to be home to about 1,000 manufacturing companies producing everything from computer chips and furniture to healthcare products.
Job displacement remains a threat to the workforce in the state, as the state’s economy is largely dependent on what happens on the international front, Veeriah said.

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