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Thailand’s Khurusapha Trade Organization announces mass redundancies

Thailand’s Khurusapha Trade Organization announces mass redundancies

13 Sept 10:34 Key points summarised by AI
  • The state-owned Khurusapha Trade Organization announced the mass layoff of 961 employees, citing 15 consecutive years of operating at a loss.
  • Management attributes the need for redundancies to a reorganization process, poor management, high operating costs, and publication delays.
  • Employees were shocked by the sudden order amid a severe economic slump, though management promised compensation in accordance with labor law.
  • The organization's labor union vowed to fight the dismissal, claiming management must seek a court injunction for such a large-scale layoff.
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