6,000 GLC workers laid off
KUALA LUMPUR: Over 6,000 employees have been laid off from seven governmentlinked companies (GLCs) this year.
In disclosing this, the Finance Ministry said yesterday the reasons for discontinuing their employment included termination of operations, merging of entities, and as part of the business adjustment process.
The ministry was responding to a question from Lim Lip Eng (DAPSegambut) who had asked for statistics pertaining to the lay-offs.
“There are five GLCs, under the G20 group, that have terminated or discontinued the employment contracts of a total of 5,134 workers,” the ministry said in a written a reply.
Malaysian Airline System Bhd (MAS) recorded the highest number of lay-offs, amounting to 4,682 workers.
The Affin Group laid off 146 workers, Boustead Holdings Bhd, 151 workers, Chemical Company of Malaysia Bhd, 153 workers and Malaysia Airlines Bhd, two.
Two companies under the Minister of Finance Incorporated – Petroliam Nasional Bhd and Agrobank – laid off 1,000 workers and 36 workers respectively, he added.