16
Feb
16

Plan for bringing in 1.5 million Bangladeshis – Profiteering, rather than market demand

Huge profit for suppliers bringing in 1.5 million Bangladeshis, say trade groups

Immense profit from the recruitment of foreign workers is one reason that the migrant labour supply industry is open to abuse and corruption, trade groups said.

Labour suppliers are able to make a net profit of between RM3,000 and RM4,000 for each foreign worker they bring in, by charging companies between RM8,000 and RM12,000 per head, experts said.

The enormous profits in the foreign worker supply industry are in the spotlight again after news emerged that Putrajaya would continue to bring in 1.5 million Bangladeshis despite the fact that businesses are slowing and companies are retrenching locals.

Quoting trade groups, The Malaysian Insider reported yesterday that profiteering, rather than market demand, could be behind the plan to still bring in 1.5 million Bangladeshi workers even as local businesses face a rough year.

Critics of Putrajaya’s labour policies claim labour suppliers are gearing up to make a tidy profit from those 1.5 million Bangladeshis.

Also lucrative is the online system to manage applications and processing to bring these workers in and according to reports, it has been awarded to one company Synerflux Sdn Bhd.

The fact that one foreign worker is between RM200 and RM300 cheaper to maintain a month, compared with a local, makes them popular with local companies, trade unionist N. Gopal Kishnam (pic, below-left) said.

…more
Huge profit for suppliers bringing in 1.5 million Bangladeshis, say trade groups
15 January 2016 – TMI

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