KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has expressed their gratitude to the government for agreeing to review the Employment Insurance System Bill (EIS).
In a statement, the organisation said in a meeting with four Cabinet ministers on the EIS, FMM’s concerns on the EIS was highlighted.
They had also received the assurance from these ministers that stakeholders would be consulted again on the bill before it is re-tabled at the Parliament.
“FMM’s concerns and recommendations on the EIS were submitted in writing immediately after the meeting with the ministers.
“The submission covered seven basic principles in the relevant provisions, a list of 15 provisions which should be strengthened and/or reviewed for greater transparency and consistency, and a list of seven provisions requiring further clarification and/or confirmation,” the statement read.
At the same time, the organisation said that it is seeking a meeting with Human Resources Minister Datuk Seri Richard Riot Jaem for further discussion on the EIS and other human resources related issues concerning the manufacturing sector.
The bill tabled in the Dewan Rakyat last week is aimed at providing financial assistance to those in the private sector, who have been retrenched.
It will also provide opportunities for reskilling and up-skilling of retrenched workers.
Prime Minister Datuk Seri Najib Razak had announced on May 1 that the government has agreed to provide the Social Security Organisation (Socso) with RM70 million for the payment of financial benefits relating to the EIS from next year.