Business closures main cause for over 42,000 to lose jobs, says Ramanan | TheStarTV.com

Business closures main cause for over 42,000 to lose jobs, says Ramanan

Published on 24 Jun 2026 4:32:40 PM

A total of 42,807 workers nationwide were reported to have lost their jobs from January to June 12 this year, said Human Resources Minister Datuk Seri R. Ramanan.

He said based on statistics from the Social Security Organisation (SOCSO), business closures and company downsizing were identified as the main causes of retrenchment, affecting 17,485 people or 40.85 percent.

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news, thestartv, the star, parliament, dewan rakyat, ramanan, human resources minister, socso, business, closure, retrenchment, job losses

A total of 42,807 workers nationwide were reported to have lost their jobs from January to June 12 this year, said Human Resources Minister Datuk Seri R. Ramanan.

He said based on statistics from the Social Security Organisation (SOCSO), business closures and company downsizing were identified as the main causes of retrenchment, affecting 17,485 people or 40.85 percent.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
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Keywords:
news, thestartv, the star, parliament, dewan rakyat, ramanan, human resources minister, socso, business, closure, retrenchment, job losses

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