Thailand and Greece Grapple With Tourism job Losses
From a country perspective tourism here accounts for over 6% of GDP and an estimated 15% of employment. While Thailand has been hard hit by a political crises take a look at Greece which is in the midst of economic turmoil as tourism is 17% of GDP and 20% of employment.
Back of plunging domestic travel the downturn has workers planning to strike as the Government has issued austerity measures including changes to the retirement age and pensions.
While its doubtful labor actions will be spurred in Thailand, certainly a growing concern remains over unemployment issues facing the industry.