Inflation Has Led To The Resignation Of Garment Workers In Kampuchea.
The sharp rise in inflation and wage delays have led thousands of garment factory workers in Kampuchea to resign, looking for better jobs or returning to the countryside, union leaders said on Wednesday.
Chea Mony, chairman of the Kingdom of Cambodia workers' free trade association, said: "factory wages are not enough to meet rising food prices."
At the beginning of this year, the Union had more than 80 thousand workers.
Since then, 27000 workers have resigned.
Many workers are currently working in entertainment places.
In these places, their wages are higher than before.
Some people get a tip of $5-10 per night from their guests, and their working hours are lower than those in the factory.
Some workers return to their rural families, and their consumption level at home is low.
In April, garment manufacturers increased wages by an average of $50, or $6.
But the union leaders say that such a wage increase is not enough to meet the high cost of living in Phnom Penh and its surrounding areas, and most of the factories are located in Phnom Penh.
In July, consumer inflation rose to 22%, up from 18.7% in January, the latest figures revealed.
Kampuchea's minister of planning said that inflation in July was the highest in 15 years, mainly driven by high oil prices.
The consumption inflation rate in August will still reach 22%, which will be announced next week. The deputy director of the price index Bureau of the Ministry of planning said.
High food prices have a negative impact on the poor in Kampuchea, who spend 70% of their families on food, according to the latest report of world bank analysts.
Those factories that are in trouble are trying to recruit new workers to supplement the assembly line.
The clothing factory is the main export income industry in Kampuchea. It employs 350 thousand workers, most of whom are women.
Kaing Monika, foreign affairs manager of Kampuchea Garment Manufacturers Federation, said that in the first 6 months of this year, the country's clothing exports reached $1 billion 350 million, up 4% from the same period last year.
But the profit is only 2%. Most factories have smaller profit margins and even no profits due to high production costs.
The future of the national garment industry will be more difficult and the competition situation looks tense. Even if the United States has taken various measures, the United States has adopted restrictive measures to Kampuchea's competitors, China and Vietnam, which will end by the end of this year.
- Related reading
EU Intends To Extend Anti-Dumping Measures For Chinese And Vietnamese Footwear Products
|- brand building | Special Brand Building And Intellectual Property Protection In The Digital Age
- Finance and economics topics | In September 17Th, The Textile And Garment Sector Dropped By 2%.
- I want to break the news. | Researchers Use Light To Remove Toxic Dyes From Waste Water.
- Bullshit | Chao Brand BBC X Michael Kagan Joint Series Preview, Theme Of Space Travel
- Bullshit | I Wish You A Cool Personality.
- Fujian | Industry News: List Of 12 Leading Textile Enterprises In Shishi
- financial news | Jiangsu Sunshine (600220): Controlling Shareholders Pledge 20 Million Shares
- Bullshit | The Beauty Of Women'S Sweater Is Not Tight Inside.
- Bullshit | To Avoid These 5 Misunderstandings, The Next Fashion Designer Is You!
- Fashion posters | CONCEPTS X Timberland "Live Free Or Die" Shoes Will Be On Sale.
- Shoe Enterprises Value "Post Olympic" Marketing
- Big Stores Make Clothing Brand Love Deep Hatred.
- Clothing Agency System Difficult Chain Stores
- 20 Years Of Fashion Design Industry In China
- How Will The EU Slowdown Affect Chinese Clothing?
- AB Underwear: Commitment To Human Health
- The Prospect Of Kaesong Industrial Park In Korea
- Korean Lotte.Com, Free Distribution Of Men'S Clothing
- "Forced Mechanism" To Promote The Pformation Of Shoe Enterprises
- EU Intends To Extend Anti-Dumping Measures For Chinese And Vietnamese Footwear Products