Malaysia sees up to 50,000 job losses this year

PUTRAJAYA: Malaysia has shed 26,000 jobs since the global financial crisis blew up in September and nearly twice as many workers could lose their jobs this year as struggling manufacturers cut output, a senior government official said.

“It (unemployment) is going to be quite long and badly affected,” Sh. Yahya Sh. Mohamed, deputy director of labour in the Human Resources Ministry, told Reuters in an interview.