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More people to lose jobs in near future



Apart from the many negative factors resulting from the global economic slump, the huge cuts in government subsidies in AsiaPacific countries are expected prompt a big increase in

unemployment, a Bangkok seminar on the While some state assistance will still be available, employers in each country would continue imposing measures, such as salary cuts or more work without extra pay, on their workers in order to survive, said Gyorgy Sziraczki, an economist attached to the International Labour Organisation.

"But once these subsidies are no longer available, the layoff rate would increase drastically," he said.



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