The labour market is likely to continue facing difficulties in the coming months. (Photo: VNA) Navigos predicted in lateMay that the labour market will continue facing difficulties.
The 10 groups are tourism, restaurant, hotel; textile -garment and leather - footwear; construction and real estate; purchasing,material supply, and transport; information technology; export and import;transportation and logistics; legal and administrative affairs; marketing; andsale and customer care.
The firm forecast until the globaleconomy bottoms out and recovers, businesses will keep taking cost cutting measuresto retain employees or further tighten their belt if the situation gets worse,reported the Lao dong (Labour) daily.
In a recent report on problems facingenterprises and economic outlook for the last half of 2023, the Research Board forPrivate Economic Development (Board IV) said the wave of lay-offs is likely tocontinue in the remaining months of this year due to macro difficulties andinternal issues of businesses.
About 5,200 of the nearly 9,560 companies surveyed said they plan to cut over 5% of their employees from now tothe end of 2023.
Illustrative image (Photo: VNA) Recruitment demand will varyaccording to sectors and changes in the domestic and global economies. It maypost a growth slowdown, he noted.
Recruitment demand in Hanoi isexpected to surge in such sectors as tourism, wholesale and retail, and transportationand logistics. Meanwhile, order shortages will lead to job reduction in exportand export, rubber and plastics manufacturing, and wood processing.
Addressing a question-and-answersession of the National Assembly on June 6, Minister of Labour, Invalids andSocial Affairs Dao Ngoc Dung said that 8,644 businesses had to lay off workers inthe first months of 2023, accounting for 1% of all companies. Among them, 27.4%were foreign invested firms and 72.18% non-State ones. Lay-offs were triggeredmainly by economic causes, including difficulties in seeking and expandingforeign markets./.
VNA
