KUALA LUMPUR, Dec 5 -- Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed during press conference after the Opening Ceremony of The Next Entrepreneur Exchange Track at MITI today.--fotoBERNAMA (2017) COPYRIGHT RESERVED
KUALA LUMPUR: The claims by some quarters that 50,000 workers would be retrenched this year primarily due to the rising cost of doing business is incorrect, said the International Trade and Industry Ministry (Miti).
Its Minister, Datuk Seri Mustapa Mohamed (pic) said changes in technology and industrial structure which resulted in workers’ displacement were features of the knowledge-driven economy, even in good times, and this was also true for Malaysia as the country transitions from labour-intensive to knowledge-driven economy.
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