(Updated 5:12pm, 29 Jan 2009) KUALA LUMPUR, 29 Jan 2009: The government will allow companies and factories to shorten their operations to three days a week, provided workers were agreeable to the move, Labour director-general Datuk Ismail Abdul Rahim said today. He said the government’s main concern was to ensure minimal job loss and that […]
MEF
EPF conversion to pension not viable
KUALA LUMPUR, 19 Jan 2009: The proposal to convert the Employees Provident Fund (EPF) scheme to a monthly pension scheme for private sector employees is not viable as individual savings are too small. Malaysian Trades Union Congress (MTUC) secretary-general G Rajasegaran said that on average, savings of the majority of the seven million private sector […]
