November 19, 2008
Bangkok - The Social Security Office (SSO) would seek measures to help people who lost their jobs to survive the economic crisis.
A sub-committee on labor proposed the SSO extend the subsidy payment period from six to eight months.
Companies would get an incentive such as subsidy payment reduction to promote new graduates hiring.
The SSO confirmed there would be no impact on its fund management. All proposals would be considered by the Social Security Committee.
The Education Planning and Policy Office was assigned to find measures to help new graduates so that they would get a job as much as possible.
There were 352,630 new graduates in the academic year 2007.
341,301 people graduated in 2006.
One-year unemployment rate was up to 23 percent –about 78,000 people had no job.
It is expected more new graduates will not be hired by companies next year because of economic crisis caused by global financial crisis.
The government already approved one-billion-baht budget to help people who lost their jobs.
