What losses did the plantation sector face due to the hiring freeze?

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The plantation sector incurred RM33.5 billion in losses due to the two-week hiring freeze.

The temporary suspension of migrant worker intake resulted in significant financial setbacks for the plantation sector. This two-week hiring freeze is estimated to have caused RM33.5 billion in losses, specifically impacting the plantation sector, along with the glove and auto spare parts industries.
Impact on Plantation Sector Losses

The halt in hiring foreign workers directly contributed to substantial financial damage. The RM33.5 billion figure represents the cumulative losses experienced by the plantation sector during the two-week period the hiring freeze was in effect.
Broader Industry Ramifications

Beyond the plantation sector, the hiring freeze also affected other industries. The glove and auto spare parts industries were also cited as facing losses due to this suspension. This underscores the widespread economic disruption caused by the temporary ban on foreign worker recruitment.
Criticism of the Hiring Freeze Policy

The policy U-turn, where the Human Resources Ministry announced the lifting of the ban, was seen by some as an acknowledgement of the policy's detrimental effects. Critics argued that the two-week suspension hindered industries' ability to address existing labour shortages and contributed to the incurred financial losses.

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What losses did the plantation sector face due to the hiring freeze?

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