rooster59 Posted November 3, 2019 Share Posted November 3, 2019 Rayong steel company suspends operations due to lack of demand Nippon Steel Steel Processing (Thailand) Company, in Rayong province, has announced a temporary suspension of its operations starting November 9th, citing a steady drop in sales. The Thai affiliate of Japan’s Nippon Steel, sexplained that, as there are 24 working days in November, if all its employees work full-time, the company’s output of steel will far exceed customer demand. This makes it necessary, the company said, to suspend operations at its main office and at its factory from November 9th, in accordance with the Labour Protection Act. Full story: https://www.thaipbsworld.com/rayong-steel-company-suspends-operations-due-to-lack-of-demand/ -- © Copyright Thai PBS 2019-11-03 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Ahhh! The much publicized EEC is off to a stellar start! 6 1 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted November 3, 2019 Popular Post Share Posted November 3, 2019 20 minutes ago, rooster59 said: The Thai affiliate of Japan’s Nippon Steel, sexplained that, What's love got to do with it? 1 12 Link to comment Share on other sites More sharing options...
Popular Post ExpatOilWorker Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Industry electricity consumption change Y-O-Y: 2019 June: -1.9% July: -1.7% August: -3.1% Will be interesting to see September's number. 5 Link to comment Share on other sites More sharing options...
Popular Post neeray Posted November 3, 2019 Popular Post Share Posted November 3, 2019 44 minutes ago, PatOngo said: What's love got to do with it? "sexplained" Being that Rayong is just an hour away from Pattaya, the reporter probably still had the latter on his/her mind. 1 2 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Could a six-year high on the Baht vs western currencies have anything to do with it? 4 1 Link to comment Share on other sites More sharing options...
Popular Post Don Mega Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Its great they sexplained the issue. I will sleep better tonight. 1 2 Link to comment Share on other sites More sharing options...
Popular Post baansgr Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Hold on.... this can't be true as the economy is booming....output up, tourists up, record reserves etc etc etc 5 3 Link to comment Share on other sites More sharing options...
Popular Post Sydebolle Posted November 3, 2019 Popular Post Share Posted November 3, 2019 The writing is on the wall ............. in huge capital letters! 4 Link to comment Share on other sites More sharing options...
Popular Post AussieBob18 Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Could this be yet another sign that the Thai economy is slowing? Yes. Will this sign of the Thai economy slowing result in any changed Govt policies? No. Am I being a negative Thai bashing Expat or am I being a realistic observer of the economic indicators? Up2U. 7 Link to comment Share on other sites More sharing options...
digger70 Posted November 3, 2019 Share Posted November 3, 2019 2 hours ago, baansgr said: Hold on.... this can't be true as the economy is booming....output up, tourists up, record reserves etc etc etc This one must have slipped through the Fake News Club. ???? 1 1 Link to comment Share on other sites More sharing options...
Popular Post Jessi Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Meanwhile, a Facebook user called Jim Bandon posted a picture of piles of ID cards belonging to employees of the Hi Trend Company in Si Racha district of Chon Buri. The cards were apparently left by workers after they were informed of the sudden closure of the company. Previously, about 400 workers were laid off after their car tyre canvas plant was closed down due to declining product demand. There are many more that are not being reported. In the past 10 days, two others in Mattaput, 70 staff walked out as they have not been paid for two months and another large company in Si Racha with 1,000 staff being put off. These all being reported on facebook but not much in the news as it looks so bad for the Government. Thailand is in for some tough times. 4 1 Link to comment Share on other sites More sharing options...
jethro69 Posted November 3, 2019 Share Posted November 3, 2019 Maybe just the regular maintenance rescheduled. A steel plant is a 24/7 operation after all. If they have overproduction it's a wise decision. After all it's a Japanese running business, they could be capable of doing smart moves. 1 Link to comment Share on other sites More sharing options...
Popular Post Denim Posted November 3, 2019 Popular Post Share Posted November 3, 2019 (edited) Oh yes. The Junta are doing well. Other recent closures : https://thethaiger.com/news/four-hundred-made-redundant-as-tyre-factory-in-eastern-thailand-shuts-down <snip> Plenty of garment factories gone to the wall already , including my sister in laws who is now sitting at home redundant. At least she got 50,000 redundancy. Oh well, Eat Shop Spend ............borrow more ......... beg. And still Thai banks keep selling those bonds and driving the baht up. Edited November 3, 2019 by Jai Dee Link to Bangkok Post removed as per Forum Rules 3 Link to comment Share on other sites More sharing options...
Popular Post 1duckyboy Posted November 3, 2019 Popular Post Share Posted November 3, 2019 I'm sure the government's news Fake News Department will get right on this. 2 2 Link to comment Share on other sites More sharing options...
weegee Posted November 3, 2019 Share Posted November 3, 2019 You aint seen nothing yet...November has just begun.... 1 Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted November 3, 2019 Popular Post Share Posted November 3, 2019 49 minutes ago, Jessi said: Meanwhile, a Facebook user called Jim Bandon posted a picture of piles of ID cards belonging to employees of the Hi Trend Company in Si Racha district of Chon Buri. The cards were apparently left by workers after they were informed of the sudden closure of the company. Previously, about 400 workers were laid off after their car tyre canvas plant was closed down due to declining product demand. There are many more that are not being reported. In the past 10 days, two others in Mattaput, 70 staff walked out as they have not been paid for two months and another large company in Si Racha with 1,000 staff being put off. These all being reported on facebook but not much in the news as it looks so bad for the Government. Thailand is in for some tough times. Straws in the wind. Try selling or renting out a condo in Chiang Mai or Chiang Rai. The visa tightening the junta insisted on is coming back to bite them. The fabled Chinese and Indian tourists are not spending money as the junta expected. In other words, REMF's have cocked it up. 3 Link to comment Share on other sites More sharing options...
Number 6 Posted November 3, 2019 Share Posted November 3, 2019 @ying Here's another one. Funny that. Japanese as well. Link to comment Share on other sites More sharing options...
sirineou Posted November 3, 2019 Share Posted November 3, 2019 7 hours ago, rooster59 said: The Thai affiliate of Japan’s Nippon Steel, sexplained that, as there are 24 working days in November, if all its employees work full-time, the company’s output of steel will far exceed customer demand. The executives of that company have some sexplaining to do now/ 1 Link to comment Share on other sites More sharing options...
PatOngo Posted November 3, 2019 Share Posted November 3, 2019 2 hours ago, Jessi said: Thailand is in for some tough times. A loan sharks dream! Link to comment Share on other sites More sharing options...
Popular Post PJPom Posted November 3, 2019 Popular Post Share Posted November 3, 2019 (edited) I have just lost my next door neighbours who have left and returned to Bangkok as the food company they worked for supplying Hotels and Restaurants has folded. Both of them had been employed for at least four years that I know of and they had no prior warning. I think that the effect from tourism reduction is going to be much more widespread than just the Hotels, their suppliers and service companies are hurting too but don’t worry the Indians will solve all the problems, or will they?. Edited November 3, 2019 by PJPom Clarification 3 Link to comment Share on other sites More sharing options...
hotchilli Posted November 4, 2019 Share Posted November 4, 2019 20 hours ago, Isaan sailor said: Could a six-year high on the Baht vs western currencies have anything to do with it? Either cutting production as a whole due to a drop in demand or shifting production to cheaper factories to cut costs? Link to comment Share on other sites More sharing options...
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