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PETALING JAYA: Downsizing may be inevitable in hard times but companies should only take this path as a last resort, says a labour law expert.
The number of people reporting loss of jobs and seeking aid under Socso's Employment Insurance Scheme (EIS) has risen substantially in March even before the movement control order (MCO) to contain spread of Covid-19 was implemented.
PETALING JAYA: The Human Resources Ministry, through the Social Security Organisation (Socso), will kick off a new initiative for workers in the private sector whose employers have been affected by the Covid-19 outbreak.
KUALA LUMPUR: The second round of economic package to cushion the impact of Covid-19 should have a slight change of strategy from “stimulating” the economy to “protecting” the productive potential as both the health and economic crises worsen, says Khazanah Research Institute (KRI).
KUALA LUMPUR: The second-round of economic package to cushion the impact of COVID-19 on the country should have a slight change of strategy from "stimulating" the economy to "protecting" the productive potential as both the health and economic crises worsen, said Khazanah Research Institute (KRI).
A TOTAL of RM67.5mil was paid out to 24,397 workers under the Employment Insurance Scheme (EIS) as of Sept 20 this year.