Minimum wage won’t impact glove sector

For companies such as Top Glove Corp Bhd and Supermax Corp Bhd, the minimum wage as of March 2022 is already at RM1,400 per month, the brokerage noted.

PETALING JAYA: While the new minimum wage will weigh on glove makers’ earnings, the impact will likely be minimal as they have already been paying workers around the same rate as the revised statutory amount.

Channel checks by TA Research found that for glove manufacturers under its coverage, foreign workers’ take-home pay is estimated to be around RM1500 to RM2000, inclusive of overtime fees.