Factory closures and lay-offs put over 65,000 out of a job

Factory closures and lay-offs put over 65,000 out of a job

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“A total of 65,707 workers lost their jobs when factories closed or suspended operations and laid off workers amid COVID-19. Most of the affected factories were involved in contract manufacturing,” said an official of the regional ministry of Imm

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Nissin Electric shifting production to Myanmar from Thailand, Vietnam

Nissin Electric relocates plants to Myanmar

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Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some manufacturing processes from Thailand and Vietnam. According to an article in the Bangkok Post, the move is to cut labor costs in its contract

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