Dismantling monopolies won't affect jobs - Sivakumar

 

The government has assured that there will be no reduction in the workforce if more existing monopolies are dismantled.

Human Resources Minister V Sivakumar said the issue does not arise because the demand for labour is high.

“The problem I see is that many of the unemployed are too choosy about jobs.

“If we want to look at the vacancies that exist, there’s a lot. So, I don’t think this process will have any adverse effect on existing jobs, there is no problem,” Sivakumar (above) added.

He said this when met after the 2023 Iftar donation handing over ceremony totalling RM155,000 to 31 mosques and surau in the Batu Gajah parliamentary constituency today.

Yesterday, Prime Minister Anwar Ibrahim was reported to have said that the government is reviewing all existing monopolies to ensure that the public enjoys fair and better service.

Anwar was commenting on whether the government was looking to unravel more monopolies following the decision to end Puspakom’s monopoly on vehicle inspections.

Previously, Anwar said the government would reconsider Touch ‘n Go’s monopoly on highway toll collection.

Ensuring healthy competition

Sivakumar said the government was also serious about breaking the monopoly in the hiring of foreign workers so that no party will be able to reap high profits from the needs of industries.

“Of course, we do not want any party to monopolise any business, except in situations where it is unavoidable.

“If possible, the government wants to ensure that there is healthy competition, the quality of goods and services can be improved and, at the same time, help bring down the costs.

“If we let any one party continue to have a monopoly, then the people will eventually lose out because those who monopolise will always reap the highest profit,” the Batu Gajah MP said.

- Bernama