Jump to content

Thai economy in crisis: Japanese engineering firm to shut at end of the month


webfact

Recommended Posts

Thai economy in crisis: Japanese engineering firm to shut at end of the month

 

55-36-1280x720.jpg

Thai caption: No more hiring

 

77kaoded reported that Sanyo Engineering in the Pin Thong Industrial Park in Sri Racha was shutting down and laying off all staff at the end of this month. 

 

They reported that the company has been racking up millions of baht in debt in recent years. 

 

They were producing electrical goods, moldings and doing molding repairs. 

 

A letter said all staff would be laid off at the end of the month. Compensation would be paid according to the Labor Law and company policy. 

 

They blamed the poor state of the economy and lack of sales for the closure. 

 

A security guard at the firm said that 15 Thais and 3 Japanese managers were still working there. 

 

The staff had known for months about the planned closure.

 

77kaoded said that the Thai economy was facing a crisis in its headline. 

 
Source: 77kaoded
 
thai+visa_news.jpg
-- © Copyright Thai Visa News 2019-07-22
Link to post
Share on other sites
  • Replies 93
  • Created
  • Last Reply
2 minutes ago, canopus1969 said:

What a pathetic misleading headline, which genius dreamt it up  😲

They forgot the ? mark....😋

Link to post
Share on other sites
2 minutes ago, cheapcanuck said:

what about the economic crisis? B S story. Wasted my time on this crap.

Theres only 6 posts chum, not 6 pages.....🤣

Link to post
Share on other sites

Thailand has been in a downward spiral since the army overthrew a democratically elected gov several years ago.

Consumption and confidence is way down and small businesses have to shutter due to ever rising costs..

The country is run by corrupt sycophants.

Even the tourism industry is a mess.

Indians won't save Thailand.

There is another round of tax increases due in October.

Prayuth has to be removed ASAP.

Link to post
Share on other sites
Just now, Lucius verus said:

Thailand has been in a downward spiral since the army overthrew a democratically elected gov several years ago.

Consumption and confidence is way down and small businesses have to shutter due to ever rising costs..

The country is run by corrupt sycophants.

Even the tourism industry is a mess.

Indians won't save Thailand.

There is another round of tax increases due in October.

Prayuth has to be removed ASAP.

Prayuth is only a puppet.

Link to post
Share on other sites
2 minutes ago, EdrigoSalvadore said:

Does this mean the japanese snack bars in Sriracha will get a hard time now? I enjoy visiting them from time to time.

Surely they weren't relying solely on the Sanyo staff for their customers?

Link to post
Share on other sites

Sanyo used to be a household name like 20 years ago, nowadays hardly any of their products are out there so no wonder that they're going under, it's swim or sink, innovate/renovate or detonate...

Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...