Labor Ministry unveiled measures to cope with Euro-zone debt crisis fallout

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BANGKOK, 21 June 2012  – The Labor Ministry is planning a set of measures to cope with any fallout from the Euro-zone debt crisis.

Permanent Secretary of Ministry of Labor Somkiat Chayasriwong said that the Ministry has proposed 3 measures to deal with the impact of the problems in Europe to the meeting with executives from 9 related ministries, chaired by PM Yingluck Shinawatra.

The first measure involves the preparation for 10 key industries, such as plastics, jewelry and furniture, which have suffered shrinking sales and are likely to downsize because of the shaky situation.

The second measure focuses on the provision of benefits for affected workers and new employment opportunities for more than 1,800 Thai laborers now working in Europe.

And the last measure is the search for new employers for Thai workers, who wished to get employed in Europe but whose plans have been put on hold because of the Euro-zone crisis.

Mr. Somkiat, however, assured that the country’s employment situation remains in good shape as it has just expanded by 0.2 percent.

According to the Commerce Permanent Secretary, another meeting is planned for next week, during which detailed updates on textile, electrical appliance, computer and automotive sectors, which are under the Ministry’s watch list, will be discussed, in order to come up with necessary measures under current circumstances.