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30 MAR 2J12 DATE _______ _________ ---- ----'

THE NATION PAGE fA SOURCE

;:,LABOUR WOES, SLOW

INSURANCE PAY-OUTS

HIT JAPAN INVESTORS

PETCHANET PRATRUANGKRAI THENATION ,

f f JaMIlesecompaniesdoingbusiness inThailandarehampe~ by manpower sho~es and difficulty in receiving insurance pay-outs after the flood disaster.

"The flooding drove employees away from manyfirms that suspended operations for too long. Those finns now need thousands ofnew employees, but workers are hard to find," a Japanesebusinessman said at a special luncheon oftheThaiJapanese Association yesterday.

Japanese and Thai businesspeople said they had been unable to recruit workers even though they implemented the new Bt300 minimum daily wage ahead ofschedule. The government should help solve the labour problem, otherwise manycompanieswillfurtherdelay reopening and manyindustries will run out ofparts and materials, they said

The source also said his finn had notyet received a cheque for its insurance claims and it needed the funds to continue operating. He asked for the government's assistance to urge insurers to pay the claims soon.

Industry Minister Pongsvas Svasti said the slow claims payments were due to a lot ofpaperwork by insurance finns.

More than BtlOO billion is sitting in banks waiting for claims payment. However, the 838 companies in industrial estates were not alone in putting in claims. So have tens of thousands ofsmall and medium-sized enterprises that were affected by flooding. Companies should soon start gradually receiving payments from the insurers, he said.

Pongsvas told the Japanese community that the government's measures would be able to prevent at least 50 per cent offloods this year. He assuredJapanese investorsthatthegov

r

ernment would continue to protect industrial estates and grant more privileges to promote investment in 'the country.

Kobkarn Wattanavrangkul, presidentoftheThai-Japanese Association, said many flood-affected companies could not resumeoperationsasquicklyastheyhadexpectedastheywere facing human-resource and supply-chain problems andwere stillwaitingfor insurancepayments.Also, manytradingpart- , ners have forced companies in Thailand to take out more insurance to prevent business disruption this year.

Kobkarn, who is also thechairwomanoIToshiba Thailand, said many finns in flood-hit areas were now struggling to restart their plants because ofmany obstacles.

"The lack ofworkers is one ofthe most serious problems ofenterprises in the industrial estates," she said.

Minoru Sato, presidentandchiefexecutive officer ofYusen Logistic (Thailand),.part of NYK Group, said he still had doubts about the country's flood-prevention measures, as their implementationand timeframe were still unclear, while natural disasters are expected.

"A repeat of the floods would seriously damage the Thai economy~nd the countrywould face difficulty restoring confidence. Investors would cut back and stop investing in Thailand." Many companies are now concerned about the shortage ofmanpower in Thailand, he said

Setsuo Iuchi, president of the Japan External Trade Organisation, said Japanese investors had more confidence in the government's flood-prevention measures, but they wanted to see clearer implementation plans and timeframes.

ManyJapanese companies still want to invest inThailand despite the wage hike being imposed this weekend. The government shouldhelppromote investment, address the labour shortageand increase worker efficiency afterthewage increase, he said.

MinoruFurusawa,vicepresidentoftheJapaneseCru..mber ofCommerce in Bangkok, said Japanese companies still had confidence andwere interested in investingmoreinThailand after the government granted more privileges for projects in flood-hit industrial estates.

Pramon Sutivong, chainnan ofToyota Motor (Thailand), said more investors would diversify to other Asean countries out of concern for floods and higher production costs in Thailand.

------

I

910Ql30 MAR 2J72 NEWSullt8~JmfYn; ~D ATE _ ........... _... _ .._ ........... ........_....._.................... ....... ........................ _

'.J /\ 1\ rr;Kn .Ui-~J~U)( .. }l( POST

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' . . . .FIrms .Ig.no17e new graduates to savemoney

She said many employers are now B 15, 000 starting salary trying to circumvent the government's 300 baht daily minimum wage. which blamed for joblessness takes effect on Sunday, by outsourcing jobs or hiring workers in the noh~forrnal

PENCHAN CHAROENSUTHIPAN sector.. Matthieu Cognac, a youth empioy

Many entrepreneurs have refused to ment specialist with the ILO's Asia and employ bachelor's degree graduates Pacific office, called on Asia-Pacific to avoid paying a starting saJary of countries to promote youth employ15,000 baht, a seminar on youth ment as unemployment rates in the employment was told yesterday. region were high.

Worachon Dulwit, secretary-general !tis necessary for each country to of the International Student Centre of work out strategies to provide young Thailand, said many employers were people with various practical skills to reluctant to take on new graduates enter the job market and ensure they with a bachelor's degree because they receive decent wages and enjoy physical did not want to pay the 15,000 baht well-being, Mr Cognac said. starting salary promised by tbe Pheu John Ritchotte, Iabour relations speThai-led government during its election cialist with the ILO's Southeast Asia campaign last year. office,lambasted the government's 300

Instead, employers have opted to baht minimum wage policy, saying it hire diploma holders to cut costs, Mr was. misguided 'and it would not do Worachon said. anything to raise the living standards

The seminar was jointly organised of the public and workers. by the International LabourOrganisa The policy was only aimed at seeking tion (lLO) and Chulalongkorn Univer political gain, he said. Thegovemment sily's facully of economiCs. should let labour organisations and

Mr Worachon said many universily employers hold direct talks on wage graduates also study in fields such as adjustments to find a better solution, social sciences that do not serve the Mr Ritchotte said. needs of the labour market. Meanwhile, Labour Minister These graduates have a hard time Padermchai Sasornsap said yesterday

finding jobs or end up being' the ministrywould set up a complaints underemployed. Some resort to doing centre on its ground floor to receive part-time jobs such as distributing information on any problems arising leaflets, which is a waste of talent and from the minimum wage hike so that a loss to the economy. he said. the ministry would be able to find ways

Secretary-general of the Employers to sort them out. Confederation of Thailand Siriwan Arthit Issamo, chief of the Labour Romchatthong said graduates in certain Protection and Welfare Department, fields such as engineering, accountancy said labour inspectors would be sent or medical sciences were certain to be out to various areas next month to employed in accordance with their enforce compliance with the new wage fields of studies. hike policy.

For these professional graduates. Employers who fail to comply will employers are willing to pay the 15,000 be issued with a warning and they will baht starting salary. have to rectify the situation within 30

But when it comes to graduates from . days. . other fields. employers prefer to hire After that, ifthey still do not comply, those with educatioOa! qualifications they will face a fine of up to 100,000 lower .than a bachelor's degree. Ms .baht and/or a jail term of up to six

, 'Siriwan said. '. . months; Mr Arthit said. . . ' ..

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