Labour D-G to meet with CIMB management

-
DIRECTOR-GENERAL of Labour Datuk Ismail Abdul Rahim will meet with the CIMB Group management on Thursday to get details of its no-pay leave offer to employees beginning April 1."We have to make sure that the workers agree to it and are not being forced to take the no-pay leave," Ismail said.

He said the announcement came as a surprise as the ministry was under the impression that local financial institutions were not badly affected by the economic downturn.

Ismail, who is currently out of town, is expected to return to Putrajaya on Thursday to meet with the officials.

CIMB Group, the country's second largest banking group, has reportedly offered employees the option of taking no-pay leave in an effort to reduce cost amid the economic downturn. The company issued a memorandum last Wednesday to all its employees to inform them that they could take no-pay leave from April 1 of between one and six months.

The memo revealed that the group will not hire new recruits to replace employees who opt to take the no-pay leave and that those who return from their leave may be transferred to another department with no change in their salary or grade.

Dubbed as the "Staff Rejuvenation Programme", remuneration benefits such as medical, increments and bonuses will be pro-rated based on the programme duration - Agencies.

Popular posts from this blog

EC should ask ROS to register Pakatan quickly

-
Image
The Election Commission (EC) had recently advised the current opposition pact, Pakatan Rakyat comprising PAS, PKR and DAP, to register their coalition so that they could use their logo in the coming general election. EC deputy chairman Datuk Wan Ahmad Wan Omar said the coalition should be registered because the opposition parties were always seen violating regulations of the election campaign, especially on the use of their logo. Datuk Wan Ahmad seems to be overly ignorant and too forgetful on this issue. The EC deputy chairman should ask the Registrar of Societies (ROS) to quickly register the Pakatan instead of calling on Pakatan to register itself. Pakatan Rakyat had earlier send in their formal application to register itself as a coalition of political parties since November 2009 and ROS has yet to register the said entity till today after delaying and creating so many hassles for more than a year. It is not Pakatan who is delaying on its application but it was the ROS who is just...
Read more

USM fiasco a shame

-
I read and heard with irritation and felt disgusted with the fiasco committed by the apex status university called Universiti Sains Malaysia (USM) which caused untold anguish to the affected students and their parents. If this happened in Japan, the Vice-Chancellor would have done the honourable thing - take full responsibilty and leave, but here in Malaysia, as expected, the blame is shifted here and there, trying to make someone a scapegoat. By the way, would there be any racist or sabotage elements involved? Those who are responsible for this fiasco should be sacked or expelled immediately.
Read more

Singapore Malay daily teaches Mahathir about hardwork

-
Image
The former prime minister Dr Mahathir Mohamad's assumption that Malays in Singapore had failed and their neighbouring Malays should take lesson from their plight has not impressed a Singaporean daily. The republic's Malay daily Berita Harian in an editorial said Malay-Muslims in the republic state were successful and it was a result of their real efforts and hard work in line with the values of meritocracy, not a result of being spoon-fed. “We do not believe in being spoon-fed or being too dependent on the government - in other words, we do not have a crutch mentality,' wrote editor Guntor Sadali. Guntor said Singapore Malays believed that a community with such a mentality would soon become a “two M” community, which stands for ‘manja’ (spoilt), and ‘malas’ (lazy). “We definitely do not want to be labelled as a pampered and lazy community,” he said, adding that the Malay community in the island raised their own funds to build Islamic schools, mosques and other community pro...
Read more