Many businesses are planning to reduce workforce as a result of COVID-19. (Photo: VNA) Hanoi (VNS/VNA) - Many businesses are planning to reduce the number ofemployees on their payroll in the next few months.
Although the COVID-19 pandemic has been controlled in Vietnam, its long-termeffects will continue to be felt.
Many businesses are planning to decrease their workforce by 60-70 percent.
The Vietnam General Confederation of Labour and the Ministry of Labour, Invalidsand Social Affairs (MOLISA) are consulting businesses and workers for a plan ofsupport.
The confederation reported that 5,600 enterprises and more than 1,300non-public non-business units had to be dissolved, stopped working or narrowedproduction, which affected jobs of more than 461,000 workers by the end ofApril.
Nguyen Dinh Khang, chairman of the confederation, said its activities in thebeginning months of the year mainly focused on working with agencies,organisations and enterprises to deploy solutions to prevent and combat thepandemic at work.
It has accompanied businesses in restoring production and business, stabilisingjobs, ensuring income for workers during and after social distancing.
The Department of Employment under MOLISA said that if the pandemic iscontrolled well, it is estimated at least 70,000 to 80,000 workers would losetheir jobs, 3 to 3.5 million workers would have to stop working and about 70-75percent of businesses would be affected.
To help overcome difficulties for enterprises and workers, the MOLISA issummarising the recommendations of enterprises and workers about problems inthe implementation of the 62 trillion VND (2.67 billion USD) bailout package.
Le Van Thanh, Deputy Minister of Labour, Invalids and Social Affairs, proposedloosening the conditions for easier borrowings.
For businesses borrowing loans to pay their employees, almost no businesses hadaccess to this package up to now, he said./.
VNA
