Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Some garment manufacturers consider leaving Cambodia due to rising labor costs

Some garment manufacturers consider leaving Cambodia due to rising labor costs



Cambodian Prime Minister Hun Sen said that although the government tried to retain them, some factories decided to leave Cambodia due to rising wage costs. When presiding over the opening ceremony of the &#8220…

Cambodian Prime Minister Hun Sen said that although the government tried to retain them, some factories decided to leave Cambodia due to rising wage costs. When presiding over the opening ceremony of the “National Employment Policy from 2015 to 2025” on October 22, Hun Sen admitted that some manufacturers have begun to think of moving to other countries with lower wage costs, and Cambodian workers will lose their jobs as a result. If existing factories choose to relocate to other countries with lower labor costs, they will have to attract other industries with higher added value. He also pointed out that the government has decided to raise the minimum wage for garment and shoemaking workers from the existing US$128 to US$140 next year (2016). Together with other benefits, workers will receive at least US$157 to US$168 per month.
At the same time, the government is also committed to helping workers reduce their living burden, including controlling the inflation rate, passing the “Rent Law”, and reducing renting utility bills for workers and students. This is to further improve and enhance the living standards of workers so that they can enjoy the fruits of economic growth. Faced with the challenge of labor-intensive factories relocating from Cambodia, Hun Sen said that the government has formulated the “Industrial Development Strategy from 2015 to 2025” and formulated strategies to attract investment in industries with higher added value. It is hoped that investment in engine, machinery and car assembly plants will be attracted, so that Cambodia can export cars to other countries. In any case, he stressed that the government will not abandon labor-intensive factories and will try to retain factories that plan to leave Cambodia.
Since 2000, the garment industry has become Cambodia’s “economic lifeline”, currently accounting for more than 40% of GDP, and clothing and shoes account for as much as 58% of exports. In addition, Hun Sen also revealed that in next year’s fiscal budget, the government decided to increase the salary of civil servants twice, in January and April 2016 respectively. The government plans to raise the minimum wage for civil servants to 1 million Cambodian dollars (approximately US$250) before the next general election in 2018.

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