Bosses impose pay cuts, not layoffs to sustain business

Hailey Chung Wee Kye

With Covid-19 still bearing down on the economy, Malaysians have had to endure pay cuts as companies cannot afford high labour costs, says the Statistics Department. – The Malaysian Insight file pic, February 23, 2021.

MALAYSIANS have had to endure pay cuts as companies are unable to afford high labour costs while Covid-19 is still battering the economy, said the Statistics Department.

Chief statistician Dr Mohd Uzir Mahidin told The Malaysian Insight the overall mean and median of salaries in Malaysia for the past year had reduced, as employers chose to lower workers’ salaries instead of enforcing layoffs.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.