KUALA LUMPUR: The Employment Insurance System (EIS), which was tabled in the Dewan Rakyat this week, will not burden employers in terms of costs. Speaking to Bernama, she said, the insurance scheme would make it cheaper for employers to lay off workers in order to upgrade their technology and automate their businesses compared to the current workers’ protection scheme. “When we talk about lay-off and the termination benefits, (currently) the responsibility falls on the employers alone and they are supposed to pay an equivalent of 4.5 months of the terminated worker’s salary. Under its Labour Protection Policies, when the workers were fired, the employers had enough coverage to paid their workers, she said. When the new system is there, is not only protects the workers during the economic crisis but also upgrades for the employers.

Source: New Strait Times August 05, 2017 02:37 UTC