The Star Online published on 29 Jan 2009 that according to The Malaysian Employers Federation (MEF), 10,000 Malaysians have lost their jobs since Jan 1.
And more are expected to lose their jobs as companies are trying to keep themselves afloat.
Outside of Malaysia, on 28 Jan 2009, The Star Online reported that 80,000 loose jobs in the US and Europe while the Iceland government collapses. The figures are increasing drastically.
It’s going to be a tough decision for most employers but it’s tougher for those affected employees.
How are they going to survive without their paycheques?
How about their monthly house or car instalment? And the kids?
How long can the current savings last?
Where to find a new job?
It’s going to be a hard time for these employees. And of course, these job cuts will directly affect the national economy and the world economy as a whole.
Without job and income, with controlled and tight spending, there will be fewer business transactions conducted. With less cash circulating in the business market, how can the global economy crisis recover?
Let’s pray that these affected employees will find a new job very soon and there will be fewer job cuts.
Absolutely… this is getting serious day. From grumbling about not having enough pay until now grateful for we still have a job, totally a drastic change. Just hope all the companies could survive long enough, without any job cuts.. 小市民的悲哀.. sigh..
Hi Ching Ya 🙂 Thanks for your comment. Let’s hope that there’ll be less unemployment. And also hope government will provide unemployment benefits for those affected employees.