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100,000 workers to lose jobs permanently in Thai Floods

The Labour Ministry figures that only about 100,000 workers would lose their jobs permanently as a result of layoffs following the floods, instead of up to 920,000 as estimated recently by the National Economic and Social Development Board (NESDB).

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The Labour Ministry figures that only about 100,000 workers would lose their jobs permanently as a result of layoffs following the floods, instead of up to 920,000 as estimated recently by the National Economic and Social Development Board (NESDB).

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Permanent secretary Somkiat Chayasriwong said yesterday that most of the 100,000 were hired by subcontractors with bulk employment deals.

Out of the total of 993,929 flood-affected workers, 661,627 are only temporarily out of work and would likely to be re-employed, he said.

The NESDB estimated unemployment in the last four-month period at 1.8-2.3 per cent, or 780,000-920,000 workers, after 28,678 businesses in 39 flooded provinces had to close.

The ministry has reported that 14,647 businesses have reopened and re-employed 332,302 workers, he added.

via Only 100,000 to lose jobs – The Nation.

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