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Cabinet okays budget to help private sector hire 260,000 new graduates

Sep 23. 2020
Government spokesman Anucha Burapachaisri
Government spokesman Anucha Burapachaisri
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By The Nation

The Cabinet yesterday (September 22) approved a budget of Bt19.5 billion to help the private sector hire 260,000 new graduates, with the government using the money to pay half their salaries.

Government spokesman Anucha Burapachaisri said the move comes under the Labour Ministry’s Department of Employment Job Expo Thailand 2020.

“This move aims to enable new graduates to get a job, improve their quality of life and enhance working experience and skills. Also, it helps entrepreneurs to continue operating their businesses,” he said.

Anucha said the government would pay 50 per cent of new graduates’ monthly salaries depending on the wage rate, which does not exceed Bt7,500, for 12 months from October 1 to September 30, 2021.

“However, there is a condition that employers must operate under the social security system and refrain from laying off more than 15 per cent of their existing employees in one year to solve the unemployment crisis,” he said.

For example, he said, if a new graduate is hired on a Bt15,000 monthly salary, the government will pay Bt7,500 monthly to each, while the employer needs to only pay the remaining amount, on which social security contribution can be deducted.

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