Pos Malaysia trying hard to prevent job and salary cuts
KUALA LUMPUR: Pos Malaysia Bhd is trying its best to prevent job and salary cuts following the Covid-19 pandemic, which has been affecting supplychains worldwide, causing the weakening or closing of businesses and the loss of livelihoods.
The postal delivery service provider said it will continue to protect the livelihood of over 15,000 frontliners and operational support employees; ensuring that their needs are prioritised, despite the fact that its businesses – mail, international parcels, Pos Aviation, Pos Logistics and others – have also been affected by the pandemic.
“While many severely impacted sectors in the country resorted to salary reductions, job cuts or other drastic measures, Pos Malaysia continues to strive hard in ensuring that these employees’ future are protected,” it said in a statement yesterday.
Pos Malaysia said it is currently undergoing a transformation process to turn the business around, and as the transformation plan progresses and the situation improves, it will ensure better rewards for the people.
“At the same time, while the business is adjusting to the new normal, we will continue to carry out our responsibilities and serve the country as an essential service provider during these challenging times,” it said. — Bernama
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THE Malaysian rubber market closed higher yesterday supported by a firmer performance from regional rubber futures markets and steadier crude oil prices, a dealer said.
Market sentiment according to her, was boosted by the growing optimism of a faster-thanexpected global economic recovery after successful early test results of Covid19 vaccine.
“Nevertheless, further gains were capped by a stronger ringgit against the US dollar,” said the dealer.
The rubber futures on Tokyo Commodity Exchange ( TOCOM) rose nearly two per cent on Tuesday, tracking wider market gains, as promising results for a potential Covid-19 vaccine and hopes further economic stimulus whetted risk appetite.