
Between February 2021 and July 2022, 114 newly established factories and workshops and 100 existing factories that resumed operations after suspension recruited approximately 55,000 workers, according to the remark given by the Union Labour Minister Dr Pwint San at the tripartite meeting with government, employers and workers representatives on 19th September.
The closure of factories and workshops results in damage to the interest of both employers and employees, negative impacts on the country’s manufacturing output and slow economic growth.
The negative consequences triggered by the COVID-19 pandemic and political changes rendered a total of 104,798 workers unemployed with a shutdown of 291 factories, according to a report by the Ministry of Labour.
Between 1 February 2021 and 18 July 2022, 114 factories and workshops were newly established and 100 suspended factories restarted their operations, totaling 214 factories. Those factories created 54,819 jobs, it’s learnt.
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