Since January 10,000 Malaysians went joblessJanuary 30th, 2009 - 11:31 am ICT by Amrit Rashmisrisethi
According to the executive director Shamsuddin Bardan of the Malaysian Employers Federation (MEF),more than 10,000 Malaysians have lost their jobs since January 1.
It is also expected there are more to loose their jobs in the days ahead as companies, particularly in the manufacturing sector, struggled to stay afloat.
In an urgent appeal to the Government, Shamsuddin Bardan said it was of utmost importance for the second economic stimulus package to be released fast so that companies could know clearly where they stood. The Government released a RM7 billion stimulus package last month and Deputy Prime Minister Datuk Seri Najib Tun Razak promised a second one soon.
Mr Shamsuddin said the economic downturn this time was worst than the one in 1997 because it was more widely spread globally.
The situation was more critical as almost 600,000 job seekers flooded the local market every year, he added. Another factor that added to the woes of the jobless was the presence of 1.5 million to two million illegal foreigners vying for the same jobs.
He even suggested that the Government, as a long-term measure, repatriate all illegal workers, replace legal foreign workers in stages with Malaysians, freeze foreign recruitment and give job priority to Malaysians.
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