More than 217,000 workers were laid off in the textile and garment, footwear, woodwork, and electronic components industries in the second quarter as orders plunged due to the economic downturn.
Binh Duong and HCM City, the largest manufacturing hubs in southern Vietnam, had the highest number of laid-off workers in the country, according to a report from the General Statistics Office.
Many businesses in most localities have started laying off or furloughing workers since the fourth quarter of last year and the situation was exacerbated in the second quarter of this year due to the decline in orders.
Job losses are creating a strong shift in labour from industry and construction to services, the report said.
The labour market in the second quarter failed to maintain recovery momentum as in the first quarter of 2022. The number of underemployed people of working age reached about 940,700.
The underemployment rate increased from the previous quarter and the same period last year as workers in the southeast were most affected.
The number of furloughed workers in the second quarter stood at 241,500, down 52,500 from the previous quarter.
Most of them work for foreign-invested enterprises in the leather, footwear and textile industries in Bac Giang, Binh Duong, Ninh Binh, and Thanh Hoa provinces.
Over 210,000 workers lose jobs as orders plunge amid economic slowdown
More than 217,000 workers were laid off in the textile and garment, footwear, woodwork, and electronic components industries in the second quarter as orders plunged due to the economic downturn.
Source: dtinews.vn
