Wage subsidy programme saved more than 3.3 million jobs, says Saravanan

KUALA LUMPUR: The Wage Subsidy Programme (WSP) has managed to save more than 3.3 million employees from losing their jobs due to the Covid-19 pandemic, says Human Resources Minister Datuk Seri M. Saravanan (pic).

"The implementation of this programme has managed to secure the jobs of more than 3.3 million workers.

"The government is confident that the extension of the WSP 2.0 until the end of December will benefit more employers and employees," he said in a Parliamentary written reply dated Nov 30.

Saravanan was responding to Hassan Karim (PH-Pasir Gudang), who asked the ministry to state how many companies have benefited from the WSP and how effective it was in preventing job losses and companies shutting down.

According to Saravanan, as many as 331,950 employers have benefited from the WSP that have involved 2.7 million employees.

He added that this involves payouts totalling to RM12.21bil.

For WSP 2.0 that began from Oct 1 till Nov 6, the Social Security Organisation (Socso) has received 61,382 applications from employers involving 611,276 employers.

He pointed out that payouts totalling to RM122.19mil was spent for this period.

"As a whole, the implementation of the WSP had a significant effect in preventing employees from losing their jobs and companies from shutting down," he added.

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