I was told by a contact working in Agilent Technologies that her company is planning to cut 2,700 jobs. Her whole department is affected.
US job data is equally gloomy. 2.7 million jobs have been lost since Jan 2009. I support the call by various bodies to start a retrenchment fund for Malaysians retrenched.
The government must act fact. How effective is the RM60 billion stimulus (for two years) in supporting employment?