Home >

Inflation Has Led To The Resignation Of Garment Workers In Kampuchea.

2008/9/11 0:00:00 10256

Clothing

The sharp rise in inflation and wage delays have led thousands of garment factory workers in Kampuchea to resign, looking for better jobs or returning to the countryside, union leaders said on Wednesday.

Chea Mony, chairman of the Kingdom of Cambodia workers' free trade association, said: "factory wages are not enough to meet rising food prices."

At the beginning of this year, the Union had more than 80 thousand workers.

Since then, 27000 workers have resigned.

Many workers are currently working in entertainment places.

In these places, their wages are higher than before.

Some people get a tip of $5-10 per night from their guests, and their working hours are lower than those in the factory.

Some workers return to their rural families, and their consumption level at home is low.

In April, garment manufacturers increased wages by an average of $50, or $6.

But the union leaders say that such a wage increase is not enough to meet the high cost of living in Phnom Penh and its surrounding areas, and most of the factories are located in Phnom Penh.

In July, consumer inflation rose to 22%, up from 18.7% in January, the latest figures revealed.

Kampuchea's minister of planning said that inflation in July was the highest in 15 years, mainly driven by high oil prices.

The consumption inflation rate in August will still reach 22%, which will be announced next week. The deputy director of the price index Bureau of the Ministry of planning said.

High food prices have a negative impact on the poor in Kampuchea, who spend 70% of their families on food, according to the latest report of world bank analysts.

Those factories that are in trouble are trying to recruit new workers to supplement the assembly line.

The clothing factory is the main export income industry in Kampuchea. It employs 350 thousand workers, most of whom are women.

Kaing Monika, foreign affairs manager of Kampuchea Garment Manufacturers Federation, said that in the first 6 months of this year, the country's clothing exports reached $1 billion 350 million, up 4% from the same period last year.

But the profit is only 2%. Most factories have smaller profit margins and even no profits due to high production costs.

The future of the national garment industry will be more difficult and the competition situation looks tense. Even if the United States has taken various measures, the United States has adopted restrictive measures to Kampuchea's competitors, China and Vietnam, which will end by the end of this year.

  • Related reading

The Prospect Of Kaesong Industrial Park In Korea

Global Perspective
Han
|
2008/9/10 0:00:00
10264

Korean Lotte.Com, Free Distribution Of Men'S Clothing

Global Perspective
Han
|
2008/9/10 0:00:00
10255

EU Intends To Extend Anti-Dumping Measures For Chinese And Vietnamese Footwear Products

Global Perspective
|
2008/9/10 0:00:00
10233

Pakistan Intends To Subsidize Textile Industry.

Global Perspective
|
2008/9/10 0:00:00
10247

The Peak Season Of Clothing For Chinese Businessmen In Italy

Global Perspective
|
2008/9/10 0:00:00
10241
Read the next article

Euro "Leg Soft" Spinning Enterprises Will Lose Its Safe Haven