The economy is expected to slow down this year, perhaps even heading towards a recession. How will workers be affected? Will we see another massive retrenchment similar to that of year 2009?
Below are the quarterly retrenchment figures in Malaysia as reported by the Ministry of HR for the past 3 years.
|
| Q1-2009 | Q2-2009 | Q3-2009 | Q4-2009 | Q1-2010 | Q2-2010 | Q3-2010 | Q4-2010 |
| No of workers retrenched |
12,590 |
7,470 |
3,526 |
2,125 |
1,714 |
1,859 |
1,751 |
1,761 |
|
| Q1-2011 | Q2-2011 | Q3-2011 | Q4-2011 | Q1-2012 | Q2-2012 | Q3-2012 | Q4-2012 |
| No of workers retrenched |
2,621 |
1,105 |
3,605 |
n/a |
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