Thai Government To Assist Workforce
Thailand’s Social Security Board (SSS) is set to assist displaced workers including hotels due to the current coronavirus crisis.
According to the Bangkok Post, from March 1st, registered workers under SSS who have been forced out of employment by insolvent businesses can claim 50% of their salaries up to THB15,000.00 a month for 180 days.
Those who have been put on mandatory leave, can also receive the same benefit up to 60 days.
While those who have been made to resign will get 45% of salaries up to THB15,000.00 up to 90 days, and laid-off staff, can get 70% of the amount up to 200 days.
SSS contributions for March, April and May have been pushed back to mid-July and contributions lowered from 5% to 4%.
Another key concern for hospitality workers during this time is their bank or consumer debt which remains widely unaddressed.
It remains to be seen what measures will be imposed by Thailand’s banking sector via government intervention, but there is little doubt the economic stress is hitting all sectors.