Keretapi Tanah Melayu Berhad (KTMB) will raise its staff’s minimum monthly wage from RM1,000 to RM1,200 beginning May.
Its chairman Ir Nawawi Ahmad said 862 employees or 15% of the KTMB workforce would benefit from the salary revision.
“It covers adjustment to the basic salary, employer’s contribution to the Employees Provident Fund (EPF) and Social Security Organisation (Socso),” he said in a statement from Kuala Lumpur today.
Last February, Prime Minister Najib Razak dictated to the Bumiputera Economic Council that all companies under Minister of Finance Incorporated must set a minimum monthly wage of RM1,200 by July 2017.
Nawawi said KTMB’s top management decided to enforce the revision earlier, in appreciation of its hardworking staff, “and as an early gift particularly for those earning lower income”.
In early April, Najib who is also Finance Minister approved a salary revision of 13% for all KTMB non-executive staff through the government-linked company and KTMB Workers Union’s 8th agreement.
A revision of 7% was also set for executive staff through the sixth agreement between KTMB and KTMB Senior Officers Association. – Bernama