Its chairman Nawawi Ahmad said 862 employees or 15% of the KTMB workforce would benefit from the salary revision.
“Its 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 here today.
Last February, Prime Minister Najib Razak dictated to the Bumiputera Economic Council that all companies under the 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 a sixth agreement between KTMB and the KTMB Senior Officers Association.