‘Many E&E firms affected by MCO’

KUALA LUMPUR: The Electrical and Electronics Association of Malaysia (TEEAM) urges the government to create an additional stimulus package for the Electrical and Electronics (E&E) industry as many companies are struggling to survive after having to close down their businesses during the movement control order (MCO).

“It is expected that most of the E&E companies will be experiencing cash flow problems, lost productivity and extreme economic duress. We fear if the situation persists, millions of E&E jobs could be at stake, ” said TEEAM president Siew Choon Thye.

He also proposed to the government to implement the model of a salary assistance plan where all employees of the businesses affected by the MCO are assisted with the payment of 80% of the wages for at least three months.

Source: TheStar