Laying Off Employees: Considerations for Manufacturers

As companies start to rebuild and recover from the recent devastating floods, many managers are taking a good hard look at their bottom line, searching for ways to survive and minimize loss. This assessment is happening in accounting departments nationwide, but is particularly prevalent in Thailand's once-flooded industrial parks, where managers must contend with damaged machinery and a workforce on standby.

Manufacturers may be tempted to implement layoffs as an easy cost-saving measure. But any layoffs should be considered carefully and executed correctly. We recommend that employers adopt a three-pronged approach whereby employee terminations are conducted:

1. for the right reason,