Kuala Lumpur TimePress Release
KONGRES KESATUAN KESATUAN SEKERJA
DALAM SYARIKAT GLC
DALAM SYARIKAT GLC
PRESS RELEASE
Emergency Meeting of the GLC Unions of on the Governments Move to Divest GLC Shares to attract Foreign Direct Investment (FDA)
to Malaysia.
The Congress of Union in the Government Linked Companies view with great concern the recent government direction to Khazanah Nasional Berhad and the Employee Provident Fund to hasten the divestment of the equity share holding in the Government Linked Company to make the capital market more attractive to foreign investors.
In the process of hastening the divestment of shares, the Government seem to have forgotten their commitments to the employees and unions of the GLC’s which were contained in the agreements when the Government entities were corporatized and later privatised.
Today 05th April 2010 the Pos Malaysia Berhad Employees Unions had an emergency meeting of All Postal Unions to discuss the Government decision to go ahead to divest 32% of Pos Malaysia Shares to private investors.
The GLC Unions have not been consulted in this huge shift in the National Economic plan and the strategy for implementing the divestment of Government shares.
Following this decision by the Government, the GLC Unions have decided to hold an emergency meeting on 07th April 2010 in Kuala Lumpur to discuss the fate of the GLC Employees in the face of Government decision to divest the Government’s share in the Government Linked Companies.
MOHAMED SHAFIE BP MAMMAL
President
Congress of Union in Government Linked Companies (GLC)
to Malaysia.
The Congress of Union in the Government Linked Companies view with great concern the recent government direction to Khazanah Nasional Berhad and the Employee Provident Fund to hasten the divestment of the equity share holding in the Government Linked Company to make the capital market more attractive to foreign investors.
In the process of hastening the divestment of shares, the Government seem to have forgotten their commitments to the employees and unions of the GLC’s which were contained in the agreements when the Government entities were corporatized and later privatised.
Today 05th April 2010 the Pos Malaysia Berhad Employees Unions had an emergency meeting of All Postal Unions to discuss the Government decision to go ahead to divest 32% of Pos Malaysia Shares to private investors.
The GLC Unions have not been consulted in this huge shift in the National Economic plan and the strategy for implementing the divestment of Government shares.
Following this decision by the Government, the GLC Unions have decided to hold an emergency meeting on 07th April 2010 in Kuala Lumpur to discuss the fate of the GLC Employees in the face of Government decision to divest the Government’s share in the Government Linked Companies.
MOHAMED SHAFIE BP MAMMAL
President
Congress of Union in Government Linked Companies (GLC)
Seketariat GLC Unions
Bgn. PSM, No. 17B, Tingkat 1, Jalan Bangsar, 59200 Kuala Lumpur, Malaysia
Tel. Pej. 03-2284 1232 & 03-2284 2232 H/P: 013-393 0110 Fax: 03-2282 0555
Email : unimlc@tm.net.my; bpshafie@tm.net.my
05th April 2010
