FTI rejects proposed wage hike
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The Federation of Thai Industries rejected the tri-partite wage committee's proposal to raise the minimum wage to Bt360.
Wallop Witanakorn, vice-president of the federation, said that the hike would significantly affect the domestic manufacturing sector and drive investment to neighbouring countries that offer lower wage.
He noted that the committee should take into consideration that the wage was just recently raised to Bt300. At present, several manufacturing firms are operating with lower profits, amid poor economic condition.
