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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).

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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