BANGKOK, July 31 (Reuters) – A Thai lingerie producer, Physique Style (Thailand), has laid off 753 personnel just after the novel coronavirus worsened its liquidity challenges, a authorities formal said on Friday.
Thailand’s financial state has been strike hard by restrictions to comprise the pandemic in spite of owning gone for far more than two months with no a confirmed case of a nearby transmission.
“The company had liquidity complications before the coronavirus, but the pandemic compounded individuals difficulties so it laid off 753 personnel on July thirty from a total of 915,” Anan Bawornaowarak, deputy director-standard of the Section of Labour Safety and Welfare, explained to Reuters.
Calls to the corporation were not answered on Friday.
Thailand’s central lender has forecast Southeast Asia’s 2nd-biggest overall economy will contract by a document eight.one% this yr as the pandemic batters tourism and domestic activity, with up to eight million work opportunities lost.
Anan reported the corporation would not compensate staff since of challenges involving organization rules. Personnel experienced submitted grievances to the department, which ended up be assessed, he explained. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat Editng by Robert Birsel)