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Today, Malaysia is one of Asia's largest importers of foreign labour (I>Harakahdaily.net/I>, April 10 2005). According to I>Harakahdaily.net/I>, out of a workforce of 10.5 million, foreign workers total 2.6 million.
Retrenched workers will be able to get allowances to last them from six months to a year once the proposed Retrenchment Compensation Scheme is finalised.
The Government is looking at revamping the entire Employment Act 1955 to enable flexible employment conditions and to adjust to the welfare needs of employees.
Free trade agreements with the US have affected many countries adversely. There is a need to be cautious in negotiating such an agreement.
The Government hopes the MTUC will not go ahead with its plans to picket if its request for a minimum wage for the private sector is not met, Deputy Prime Minister Datuk Seri Najib Tun Razak said.
Minister: Firms with strong unions should be allowed to negotiate salaries than have a set minimum wage
Companies with strong union representation should be allowed to negotiate their salaries instead of having a government-set minimum wage of RM900, Human Resources Minister Datuk Seri Dr Fong Chan Onn said.
There was another twist at the OCI Bhd EGM yesterday when some 20 employees of the company turned up with a representative from the Malaysian Trade Union Congress (MTUC), demanding that their rights be preserved.
The boardroom tussle at OCI Bhd ended yesterday when shareholders voted for their white knights to join the board and remove the previous two directors.
Government jobs are looking more attractive in these volatile times due to the security and stability they offer compared to the private sector.
As the global economic recession bites, the plight of workers have become louder. Increasing worries over job security have contributed to a big drop in consumer sentiment as more Malaysians start to lose their jobs.