Phnom Penh (FN), Mar. 6 – Cambodian prime minister Hun Sen advised Cambodian minister of labor and vocational training and minister of economy and finance to ensure a timely intervention for factory's workers who will be suspended from their job from April 2023 onward due to factories shutdown and suspension.
The premier spoke at a graduation of nearly 2,000 students of Institute of New Khmer, held on Monday (Mar 6) at the OCIC, Phnom Penh
The premier mentioned that the global economic situation is unhealthy. Although the economies of the US and EU have not deteriorated significantly, it has caused a global inflation issue, which led to loss of revenues and reduced purchases from Cambodia's garment industries.
Samdech recalled that global economic crisis in 2008 had severely affected productions in Bangladesh, Cambodia, Viet Nam, and other countries as some major companies in the US and EU experienced income loss. As a result, many factories suspended operations in 2008 and 2009.
Lastly, Samdech pointed out that the number of factories suspended or closed now is less compared to those closed during COVID19 period.
The government announced the USD 30 monthly allowance for factory worker who lost their jobs, effective from April 2023.