Mar 1, 2013

Thai SMEs shrank in Q3 of 2012

TDRI revealed that number of small and middle size firms in Thailand for Q3 of 2012 shrank by 110,000 due to the new 300 Baht minimum daily wage.  Since then Thailand has around 930,000 SME firms remained.  Nevertheless, around 5 million workers in Thailand still agreed to accept older wage below the new minimum wage due to their mutual agreement with their employers.

Ref:- Manager Online

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