Malaysia’s Gold Industry Faces a Skilled Labor Shortage

News Asia 360

Malaysia’s thriving gold jewelry industry is facing a critical shortage of skilled goldsmiths. Despite strong export figures, with sales reaching RM7.7 billion in 2023, the industry is hampered by a significant imbalance: there is only one goldsmith for every four jewelry shops. This alarming disparity threatens the sector’s long-term growth and competitiveness.

Leading industry figures strongly advocate for the implementation of Technical and Vocational Education and Training (TVET) programs specifically for goldsmithing. This is deemed crucial to sustain the craft by addressing the dwindling number of skilled craftsmen and ensuring the survival of traditional techniques.

Furthermore, TVET programs would enhance the industry’s competitiveness by equipping goldsmiths with modern skills in areas like CNC machining, 3D printing, and laser engraving, leading to increased production efficiency and meeting stringent quality standards.

These programs would also foster innovation by cultivating creativity and design skills among graduates, enabling the creation of unique and marketable gold jewelry. Finally, TVET would support industrialization by facilitating large-scale production while maintaining the high-quality standards demanded by the global market.

The Malaysian gold industry stands at a crossroads. By investing in robust TVET programs, addressing the concerns of industry players, and fostering a supportive environment for skilled workers, Malaysia can ensure the continued growth and prosperity of this vital sector.

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