Published on: Saturday, February 06, 2021
By: Bernama
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Kuala Lumpur: The termination of the Wage Subsidy Programme (PSU) will not contribute to increase in layoffs or unemployment rate, said Social Security Organisation (Socso) chief executive Datuk Seri Dr Mohammed Azman Aziz Mohammed (
pictured).
He said this was based on the results of a survey conducted by the EIS-UPMCS Centre for Future Labour Market (EU-ERA) involving 469 companies receiving the PSU.
The survey found that only 15 per cent of the respondents plan to reduce their employees, while 29 per cent plan to increase their manpower and over half or 56 per cent intend to retain the existing employees.