5,900 Workers Retrenched In KL, Selangor In March
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Selangor and Kuala Lumpur recorded the highest number of job losses in Malaysia in March, even as the national unemployment rate held steady.
A research note by Hong Leong Investment Bank (HLIB) found that Selangor made up 29.3% of total loss of employment (LOE) cases, while Kuala Lumpur accounted for 25.6%.
Malaysia recorded 5,900 retrenchments in March, a 21.3% drop from 7,500 in February. While the overall number of layoffs has declined, job cuts remain concentrated in key sectors such as manufacturing, wholesale, and retail trade, as well as information and communication.
Data from the Social Security Organisation suggests that the country’s main economic hubs continue to bear the brunt of retrenchments. HLIB identified manufacturing as the most vulnerable sector, citing its…
