Over 17,000 financial, insurance staff opt for VSS
Published on: Thursday, May 05, 2016
Kuala Lumpur: A total of 17,628 workers in the financial and insurance sectors are made redundant with 98 per cent opted to accept voluntary separation schemes (VSS) last year.Deputy Human Resources Minister Datuk Seri Ismail Abd Mutalib said they accounted for 46 per cent of 38,499 workers across all sectors who were laid-off in 2015. "The downsizing in the financial and insurance sectors was not just because of the economic situation but also due to employers' strategy to optimise the information and communication technology utilisation," he said in reply to Senator Datuk Seri Boon Som Inong at the Dewan Negara here Wednesday.
ADVERTISEMENT
Ismail also said overall, the downsizing rates in all sectors were under control.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
