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300,000 workers may lose jobs in 2009 – Labour Ministry report
Mar '09
Vietnam Ministry of Labour has just released its current forecast report which reveals that during 2009, there is a probability that around 300,000 workers could be laid-off and face the prospects of being unemployed.

According to the report, in January 2009 alone, nearly 85,000 workers got marching orders, 40,000 workers were working on reduced hours and 20,000 workers face the scenario of being temporarily unemployed.

The main point to note, according to the report prepared by the ministry is that, most of the lay-offs will take place in labour intensive and export oriented industries like textile, garments, footwear, electronics and handicrafts.

To deal with this gargantuan crisis, the Vietnamese government has approved a national program to generate employment by sanctioning VND 600 billion to support the unemployed people and help the struggling enterprises to survive.

Fibre2fashion News Desk - Vietnam

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