Media contributions
1Media contributions
Title Finding security in uncertain times Degree of recognition Local Media name/outlet The Sun Media type Web Country/Territory Malaysia Date 15/12/20 Description WHEN a crisis is health-related, jobs will be impacted. The Federation of Malaysian Manufacturers (FMM) declared that 17% of respondents in an industry survey had lessened their headcount by between 10% and 30% since the pandemic began. FMM also stated that another 25% of respondents are expected to cut up to a third of their staff by year-end.
More than 5,000 people have been retrenched in Penang since March this year. The movement restrictions throughout Malaysia forced employers to cull jobs and freeze hiring, placing many individuals in a financially vulnerable position. This raises the question of whether the pandemic will nudge individuals to take up life insurance.URL https://www.thesundaily.my/supplement/career/finding-security-in-uncertain-times-NX5642791 Persons Koh Geok May