The Malaysian Trade Union Congress (MTUC) today expressed concerned that several scandals plaguing the nation is eroding confidence and causing a flight of investors, leading to unemployment.
“MTUC is deeply concerned about the state of affairs in Malaysia and its impact on workers,” said its secretary-general N Gopal Kishnam.
Among the scandals he said, are the RM2.6 billion deposited into Prime Minister Najib Abdul Razak’s personal bank accounts, alleged wrongdoing of state-owned 1MDB, and the apparent interference of investigations into these scandals.
“All these, including the falling Malaysian ringgit which MTUC believes is also because of the above, may have a negative impact on workers,” he said in a statement today.
Gopal (photo) said businesses seek a clean and corruption-free government, effective legal mechanisms and proper enforcement as reasons to remain in Malaysia.
He pointed out that already, several companies have withdrawn from Malaysia or are planning to do so, leading to thousands of workers losing their jobs.
“Of late, there has been news that many factories, like JVCKenwood Malaysia Sdn Bhd, Ansell Malaysia Sdn Bhd and Fairchild Semiconductor International Inc have closed down, or will be closing down, which will leave thousands of workers unemployed,” said Gopal.