21,000 lost jobs this year

Kuala Lumpur: More than 21,000 people lost their jobs this year, half of whom were in Selangor and Kuala Lumpur, said Human Resource Minister M. Kulasegaran (pic).Selangor topped the list with 5,902 losing their jobs, followed by Kuala Lumpur (4,767), Johor (2,536) and Penang (1,328).

"There are many reasons for the retrenchments and some are just due to work cycles," Kula said after chairing the National Labour Advisory Council (NLAC) meeting.

He said from Jan 1 to Dec 7 this year, 21,532 people lost their jobs nationwide.

He said 7,755 of them were those from the top three high paying jobs, namely managers, professionals and technicians, and were diploma and degree holders.

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"These three categories are limited and they also have to compete with fresh graduates," he said.

Meanwhile, Kula spoke of efforts by the Social Security Organisation (Socso) to get people back into the workforce.

"As of Dec 7, Socso's Employment Services Division has succeeded in placing 6,292 people back into the workforce, in various occupations and industries," he added.

He revealed that from January 1 to December 7 this year, some 21,532 people had lost their jobs nationwide.

Among the affected sectors is the manufacturing sector, which saw 32 per cent of employees lose their jobs, followed by the construction sector (8.8 per cent) and the financial sector (8.1 per cent).

He also pointed out the efforts of his ministry in working to streamline all Technical and Vocational Training (TVET) programmes within the country, to prepare workers for the Industrial Revolution 4.0.

"With now people mentioning even Industrial Revolution 5.0, we need to get these workers ready.

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"We need to focus more efforts in training our human capital, and more attention will be given to this by the government," he told Malay Mail.

He said these programmes will be reevaluated according to the needs of the economic sector and able to enhance job marketability, employability and to provide better salaries for TVET graduates. - Bernama

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