Fashion Thai lingerie maker lays off 753 employees over coronavirus downturn

Fashion Thai lingerie maker lays off 753 employees over coronavirus downturn

Fashion

BANGKOK, July 31 (Reuters) – A Thai underwear producer, Body Style (Thailand), has actually laid off 753 employees after the novel coronavirus aggravated its liquidity issues, a federal government authorities stated on Friday.

Thailand’s economy has actually been struck hard by constraints to consist of the pandemic despite having chosen more than 2 months without a validated case of a regional transmission.

” The business had liquidity issues prior to the coronavirus, however the pandemic compounded those issues so it laid off 753 staff members on July 30 from an overall of 915,” Anan Bawornaowarak, deputy director-general of the Department of Labour Defense and Welfare, informed Reuters.

Calls to the business were not answered on Friday.

Thailand’s central bank has actually anticipated Southeast Asia’s second-biggest economy will contract by a record 8.1%this year as the pandemic batters tourism and domestic activity, with as much as 8 million tasks lost.

Anan said the company would not compensate workers because of problems involving business guidelines. Workers had actually submitted complaints to the department, which were be evaluated, he stated. (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat Editng by Robert Birsel)

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