As many as 1 million could lose their jobs, an industry report says.
By Garry Kranz Comments 0 | Recommend 0
Changing Workforce: Workers in Thailand face a challenging year ahead, thanks
in part to a bleak economic picture elsewhere. As many as 1 million Thai works
are at risk of losing their jobs in 2009 due to sharply reduced exports,
according to an article published by the Agence Presse, which cited a report by
the Federation of Thai Industries. From mid-September to early October,
Thailand’s export orders from its top three markets--the U.S., Europe and
Asia--fell by an average of 30 to 40 percent. That could create an oversupply of
talent.
The article notes that Thailand’s workforce consists of about 6 million
manufacturing workers, 2 million employees at small and midsize companies and
1.2 million workers in the service/logistics sector. In addition, the country
expects to add about 700,000 workers from universities and vocational schools
next year, which could further increase competition for jobs.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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