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Friday, March 27, 2020

Gov’t to introduce 3-month salary subsidy scheme, says no job and salary cuts

Malaysiakini

CORONAVIRUS | Prime Minister Muhyiddin Yassin today announced that the government will introduce an RM5.9 billion salary subsidy programme to prevent loss of jobs and earnings in the wake of the Covid-19 outbreak.
In announcing his RM250 billion Prihatin economic stimulus package, the premier said the government would set aside an RM600 monthly pay, for three months, for all workers earning below RM4,000.
The programme would also apply to employers experiencing loss of income of more than 50 percent since Jan 1, 2020.

As such, Muhyiddin said employers are not permitted to slash workers’ salaries.

“In this hard time, I do not want to see workers losing jobs and income.

“[...] Employers must ensure they do not fire workers or instruct them to take unpaid leave for three months once the programme is implemented. Employers are also not allowed to cut the existing salaries of their workers,” he said in his live televised address.

The measure is expected to benefit some 3.3 million workers.

[More to follow] - Mkini

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