Asia's era of dirt-cheap labor is coming to an end
The age of incredibly inexpensive Asian labor is ending due to an aging population and a younger generation less willing to work in factories.
Employment demand slumps – Navigos Group
HCMC – The labor demand has remained low across various sectors, including hospitality, manufacturing, services, and technology, according to Navigos Group, a provider of executive search services in Vietnam. From January to April, the hiring demand decreased by 18% compared to the pre-Covid-19
Biting the bullet
Flagging demand has compelled manufacturers to reduce their production and workforce. Shoe manufacturer PouYuen, which makes sneakers for global brands like Nike and Adidas, is reportedly set to cut nearly 6,000 jobs in HCMC. Working amidst worries According to a leader of PouYuen Vietnam Group,
PouYuen to lay off thousands of workers next month
HCMC – PouYuen Vietnam, the most labor-intensive firm in Binh Tan District, HCMC, has decided to lay off almost 6,000 workers in June and July due to the shortfall of new orders for the year. At a recent meeting with city departments, leaders of Pou Chen Vietnam Group and PouYuen Vietnam disclosed
MWG lays off thousands of workers in Q1
HCMC – Weak consumption led Mobile World Investment Corporation (MWG) to cut almost 6,000 jobs between January and March, marking the second consecutive quarter of its mass layoffs. MWG’s financial statement in the fourth quarter of 2022 showed that its workforce had been reduced to just over
Around 28,400 Vietnamese sent overseas for guest work in Jan-Feb
HCMC – The total number of Vietnamese sent abroad for guest work reached 28,400 in the first two months of this year, a 20-time increase over last year, according to the Ministry of Labor, Invalids and Social Affairs. Statistics from the Department of Overseas Labor showed that Vietnam sent around
Labor market bounces back
HCMC – Vietnam’s labor market has improved, sending goods news to workers being laid off in the final quarter of last year due to a shortfall of new orders faced by their companies. The Hanoi Center for Employment Services, in cooperation with job centers in six neighboring provinces, will hold
HCMC businesses need over 14,000 workers in Q1
HCMC – Businesses in the textile-garment, plastics, wholesale, engineering and electronics sectors in HCMC are expected to hire over 14,300 people in the first quarter of this year, according to a survey by the HCMC Department of Labor, Invalids and Social Affairs. Around 5,000 workers will be
Labor market recovers after Tet
HCMC – Vietnam’s post-Tet labor market is seen recovering in the first quarter of this year, with a surge in hiring demand in labor-intensive industries such as footwear, apparel, manufacturing and services. Job placement centers in HCMC and Hanoi are striving to match job supply with demand. The
Over 32% of apparel firms remain closed in Hanoi
HCMC – Nearly a third of textile and garment firms have yet to reopen in Hanoi although the Lunar New Year holiday has ended. Over 83% of businesses in Hanoi reopened on January 27, with nearly 95% of their employees returning to work, the Hanoi Confederation of Labor reported. The number rose to
Some 400,000 workers needed in Q1
HCMC – Companies nationwide need to hire an additional 377,700 workers by the end of the first quarter of this year, according to the Ministry of Labor, Invalids and Social Affairs. Most processing export and industrial zones nationwide have resumed operations after the Tet holiday, while the
Labor market woes
The run-up to the Lunar New Year has seen over 500,000 workers laid off and several others with their work hours cut, causing shockwaves among the labor community. When I took a taxi to the Buon Ma Thuoc airport late last week, our discussion focused on this year’s coffee crop. These days, Daklak