The actual closure of the operation will be at the end of the year.
The company was established in 1998 with registered capital of 696.25 million baht. It had expanded business and received investment privileges from the Board of Investment to produce 1.6 million rubber gloves with an investment of 1.125 billion baht.
Somrudee Nu-iead, who has worked with the company since its opening, said the company since its opening, said the company had not given and previous hint about the closure and most workers were shocked by the announcement. They did not what jobs they could move to.
The laid off workers will get only legal compensation, not consolation compensation, as they have been given six months advance notice of the factory's closure.
The company earlier said the factory suffred great damage from the flood waters, which were approximately two metres deep, and had to close for one month for repairs.
The actual closure of the operation will be at the end of the year.
The company was established in 1998 with registered capital of 696.25 million baht. It had expanded business and received investment privileges from the Board of Investment to produce 1.6 million rubber gloves with an investment of 1.125 billion baht.
Somrudee Nu-iead, who has worked with the company since its opening, said the company since its opening, said the company had not given and previous hint about the closure and most workers were shocked by the announcement. They did not what jobs they could move to.
The laid off workers will get only legal compensation, not consolation compensation, as they have been given six months advance notice of the factory's closure.
The company earlier said the factory suffred great damage from the flood waters, which were approximately two metres deep, and had to close for one month for repairs.
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