Workers for Japanese firms could expect wage hikes this year. (Photo by Pawat Laopaisarntaksin)Japanese companies operating in Thailand are considering raising wages by an average 4.4% this year, according to an annual survey by NNA. Of 403 Japanese firms surveyed, 305 firms or 75.7% plan to implement wage hikes for workers and those in managerial positions. Many of the companies will carry out wage hikes in January or April. As labour costs are on the rise in Thailand, the region's second-largest economy, many Japanese companies are contemplating cutting costs by enhancing job efficiency and reducing the number of Japanese workers, the NNA survey shows.

Source: Bangkok Post January 16, 2018 06:45 UTC