With labor day approaching quickly – here are 2 statistics on the Thailand Automotive Labour Situation. Unemployment is nearly non-existent in Thailand (index mundi / World Bank estimate is 1% since 2005).
With the planned growth from 2M to 3M vehicles Thailand faces a serious shortage of workers, the effect of which is worsened by a high volatility. In the current market there are hundreds and thousands of new jobs available and many of the best trained employees decide to change their employer 'for a few dollars more'.
The Automotive Industry in Thailand is challenged to develop more workers, implement additional training programs and deploy automation systems in order to meet production & quality goals over the next years.