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Industrial sector confronts looming labour crisis

News Snapshot:

Manufacturers are complaining about a shortage of migrant workers even as capacity utilisation plummets. Pattarachai Preechapanich Thailand's labour outlook this year remains contradictory. While layoffs are expected to reach 500,000 due to a slowing manufacturing sector, with more factories closing than opening as business revenue declines, the Joint Standing Committee on Commerce, Industry and Banking is concerned about a shortage of foreign labour caused by hiring restrictions and allegations of corruption.As layoffs become more widespread, the impact will be far-reaching, leading to declining personal incomes and household debt reaching precarious levels. Government relief measures such as the "Thai Help Thai…

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