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MELAKA: PLUS Malaysia Bhd (PLUS) suffered a loss of RM400 million over three months, starting in March, due to the implementation of the Movement Control Order (MCO) to slow the spread of the Covid-19 pandemic.
PLUS Managing Director Azman Ismail said the number of vehicles on the roads under the company’s operations dropped by 90% over the period, from 1.7 million a day to 170,000 a day.
“Our revenues fell 90% in March, April and May, but increased again as of June 6 after the government allowed inter-state travel.
“RM 400 million cannot be recovered and indirectly affects the company and employees,” he said during the “Leadership in the direction of the organization in turbulent times: towards the recovery of Covid-19” at Universiti Teknikal Malaysia Melaka (UTeM ) here today.
He said that PLUS management will have to make many important decisions to avoid a major impact on PLUS operations and employee welfare with the agreement of management and the union.
Azman said this does not include the organization of various programs or holiday celebrations, such as Hari Raya, or new uniforms or salary increases this year.
“Whatever it is, I will not cut workers’ wages and I will do everything I can to ensure that some 3,800 people can continue to work in this difficult situation,” he said.
Azman added that the number of vehicles using the PLUS highways has risen to 1.5 million per day and is expected to continue to rise if the government fully opens the Malaysia-Singapore border in the future.
Meanwhile, he said that PLUS had not forgotten its corporate social responsibility towards leaders, especially those in hospitals across the country that are dealing with the pandemic.
“PLUS has channeled RM1.2 million to provide personal protective equipment and medical equipment to be donated to Kuala Lumpur Hospital and Sungai Buloh Hospital.
“On top of that, PLUS employees also collected RM128,000 to be donated in the form of medical facilities to seven hospitals along the PLUS highway,” he said.
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