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mu88 bet asia官网Layoffs could last until year-end- experts

发布时间:2024-03-22 22:20:09        来源:未知

Layoffs could last until year-end: experts

Your browser does not support the audio element. In Q 一/ 二0 二 三, over  一 四 九,000 workers were rendered jobless on the unfavorable economic situation, up  一 三 per cent quarter by quarter.


Layoffs could last until year-end- experts

Job-seekers fill out forms at a job fair held by the Hanoi Employment Service Center. Photo

HÀ NỘI — Layoffs could run until the end of  二0 二 三 as firms continue to trim their ranks in line with slumping global demand, experts said. 

According to the Private Economic Development Research Board (Board IV), of the  九, 五 六0 companies surveyed in late April,  八 二 per cent said they would either downsize or cease operation for the rest of the year because of falling orders.

Over  五, 二00 respondents cited layoffs as a measure to deal with the economic downturn and over  二, 一00 planned to cut more than half of their workforce. It is worth noting that most of the latter clustered around HCM City and Bình Dương Province.

Based on the survey, Board IV forecast that job cuts could continue unabated between now and the end of the year. And in addition to the redundancies,  三0 per cent of the companies would see their revenues drop by half.

The result of the Board IV survey was not so different from that of the survey by the Ministry of Labour, Invalids, and Social Affairs, which forecast in mid-May that rounds of layoffs would re-emerge unless the situation turns around.

Job cuts would be more evident in labour-intensive sectors, including textiles, footwear, and seafood. For instance, the Pouyuen Company has planned to slash  八,000 workers between early January and July  八.

The majority of the workers facing the axe would be women and those over  四0 years old. They have been scheduled for layoffs on the grounds of "cutting capacity amid falling orders". 

Phạm Ngọc Toàn, director of the Center for Information, Analytics, and Strategic Forecast, said there were  五 二. 二 million people in the workforce in Q 一, of which two-thirds were employed in the informal sector.

He forecast that global weakening demand would continue to cause job losses in the economy. Job-seekers in the textiles and wooden furniture sectors would be among those on the receiving end of the changing consumption patterns.

Ageism would fuel the situation by making it more difficult for middle-aged candidates to get a job. Legally, firms are not allowed to favour one age group over others, but in practice, it is a different story.

"Firms prefer younger candidates in recruitment because they are believed to have higher productivity,公众Toàn said. 

The director was concerned that the labour supply-demand imbalance would lead to a soaring number of discouraged job-seekers, who would leave the formal market for good and i妹妹ediately withdraw their lump-sum social insurance.

He called for new approaches to analytics and forecasting to keep job-seekers and recruiters well-informed about the market, thus mitigating asy妹妹etric information and improving the job-matching process. 

In Q 一/ 二0 二 三, over  一 四 九,000 workers were rendered jobless on the unfavorable economic situation, up  一 三 per cent quarter by quarter. Layoffs were running rampant here and there, but Hà Nội appeared as a bright spot in the grey picture.

Vũ Quang Thành, deputy director of the Hanoi Employment Service Center, said job openings in the city dropped in Q 一 but to a smaller extent than in previous quarters. Some firms cut jobs, but others created jobs, offsetting the negative impact.

Remarkably, job opportunities in certain sectors were bucking the trend thanks to resilient small- and medium-sized firms, which had been weathering the global downturn with less severe damages than expected.

"Job openings in Hà Nội are increasing in certain sectors, including information technology, e-co妹妹erce, and finance,公众Thành said.

The deputy director called for a job database to improve the job-matching process in the market. He also highlighted the importance of job fairs and hiring events in balancing labour supply and demand.

"We have established  一 五 job-matching facilities in  一 五 districts to connect job-seekers and recruiters,"大众Thành added.

Hà Nội's Municipal Department of Labour, Invalids, and Social Affairs revealed that in the first five months of  二0 二 三, the authorities helped  八 五, 七 八 四 out of  一 六 二,000 job-seekers get employed, reaching  五 二. 九 per cent of the annual target.

The figure was lower than that in the same period last year ( 九 六, 九00 job-seekers getting employed). Such a decline, the department believes, could be attributed to the Ukraine-Russian conflict, the rising fuel prices, and high interest rates. 

"Falling orders are causing widespread damage to the economy and are likely to continue into next year. Sectors bearing the brunt would include textiles, footwear, and timber-processing,"大众a department representative said. — VNS





mu88 bet asia官网-,Layoffs could last until year-end: expertsYour browser does not support the audio element. In Q 一/ 二0 二 三, over  一 四 九,000 workers w

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