Carmakers wary of minimum wage hike
Some may look for cheaper parts abroad
- Published: 20/07/2011 at 08:47 AM
- Newspaper section: Business
The proposed 300-baht daily minimum wage could force local carmakers to source more parts from outside Thailand, says the country's largest vehicle manufacturer.
Kyoichi Tanada, the president of Toyota Motor Thailand (TMT), said the high pay increase promised by the Pheu Thai Party would raise production costs for local parts suppliers, pushing up vehicle prices in turn.
The higher sticker prices would also affect vehicle exports.
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About the author
- Writer: Santan Santivimolnat
- Position: Reporter
