Asean Briefing (05.08.2020) Under the fifth stimulus package, the government has extended its financial support for private sector employees, in particular, those in the garment, textiles, and footwear industries. Introduced under the previous stimulus package, companies who want to suspend employment contracts must first submit an application to the Ministry of Labor and Vocational Training (MLVT). The suspended employees are then eligible to receive monthly subsidies. This program has now been extended through the latest economic package until September 2020. Suspended employees are entitled to the following monthly subsidies: US$15 for 7-10 days of employment suspension; US$30 for 11-20 days of employment suspension; and US$40 for 21 days to one month of employment suspension.
The government has extended its financial support for private sector employees, in particular, those in the garment, textiles, and footwear industries, until September 2020. Suspended employees are entitled to the following monthly subsidies: US$15 for 7-10 days of employment suspension; US$30 for 11-20 days of employment suspension; and US$40 for 21 days to one month of employment suspension. Suspended employees from the tourism sector will be eligible to receive US$30 until September 2020.
Extended support for private-sector employees
Under the fifth stimulus package, the government has extended its financial support for private sector employees, in particular, those in the garment, textiles, and footwear industries.
Introduced under the previous stimulus package, companies who want to suspend employment contracts must first submit an application to the Ministry of Labor and Vocational Training (MLVT). The suspended employees are then eligible to receive monthly subsidies.
This program has now been extended through the latest economic package until September 2020.
Suspended employees are entitled to the following monthly subsidies:
- US$15 for 7-10 days of employment suspension;
- US$30 for 11-20 days of employment suspension; and
- US$40 for 21 days to one month of employment suspension.
The funds will be transferred 10 days after the date of suspension.
Garment companies who are suspending their employees must also provide allowances in the sum of the following:
- US$10 for 7-10 days of employment suspension;
- US$20 for 11-20 days of employment suspension; and
- US$30 for 21 days to one month of employment suspension.
Suspended employees from the tourism sector will be eligible to receive US$30 until September 2020.