Nearly Five Hundred SME Failures In Thailand

According to the nine day of the Ministry of labour of Thailand, more than five hundred small and medium-sized enterprises have been closed down in Thailand, resulting in forty thousand unemployed.

Thailand has five hundred and nineteen small and medium-sized enterprises closed from January 1st to December 4th this year, resulting in more than forty-four thousand employees losing their jobs.

At the same time, two hundred SMEs were laid off and more than 83000 employees were affected. This is worrying.

A large number of operators are closed, mainly in small and medium enterprises, including electronics, electrical appliances, jewelry and textile industry.

Wu Lei Wan, acting Minister of the Ministry of labour in Thailand, said that the economic crisis has caused widespread influence, and that the unemployed may soar to one million in the future.

The Thailand National Committee for social and economic development predicts that the number of unemployed people will exceed nine hundred thousand at the beginning of next year, and the unemployment rate will rise to two percent to two point five percent.

Deputy Secretary General Su Wang Ni said that the impact of the instability of the internal affairs bureau led to a decrease in the number of manufacturing jobs in the third quarter of this year, a slowdown in the export industry requiring large numbers of labour and a decline in employment in the tourism industry.

Suwanni pointed out that, by the global financial turmoil and the economic slowdown, the number of unemployed people will increase next year. New graduates will find it difficult to find jobs next year. The number of unemployed people will increase by fifty to six hundred thousand, so that the number of unemployed people in the early Ming Dynasty will exceed nine hundred thousand.

Yang Jing: editor in charge