FMM: Defer and review Employment Insurance Scheme

Lim: ‘Last year, only 38,000 workers were retrenched and we do not need yet another multi-billion public fund to aid this small number of unemployment.’

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) is asking the Government to defer and review the implementation of the Employment Insurance Scheme (EIS) as it would be an added tax burden to employers and employees.

FMM president Tan Sri Lim Wee Chai said the 0.5% contribution rate would be too high to commensurate with the small number of retrenchments in this country.