May 11, 2021

Thailand could lose up to 10 million jobs due to COVID-19

Some seven million people have lost their job in Thailand since January due to the COVID-19 pandemic, a figure that could rise to 10 million if left unchecked in the next three months, which would be equivalent to one in four jobs in the country.

This was stated on Monday by the president of the Thai Chamber of Commerce, Kalin Sarasin, in statements collected by the local press after a meeting between representatives of the private sector and the Thai government’s economic development agency.

The working population in Thailand in January was 38.2 million people, of which more than 10 million were employed in agriculture and more than 8 million in the industrial sector, according to official figures.

With more than 2,500 patients and 40 deaths from the new coronavirus, Thailand has ordered the cessation of non-essential economic activity and transportation in much of the country, mainly in the Bangkok metropolitan area.

Tourism, which represents between 12 and 20% of the national GDP, is one of the most affected sectors in the country.

The Chamber of Commerce announced that it will create working groups to study measures to guarantee the financing of companies, increase the sale of agricultural products after the fall in exports and the possibility of gradually allowing economic activity, according to the Thai Enquirer portal. .

Another proposal is that the authorities allow the hiring of hourly workers to avoid the increase in unemployment.


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