Over 90 pct of Samsung, Intel workers return to work after Tet
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Major factories in Ho Chi Minh City reported over 90 percent of employees returning to work after the nine-day Tet holiday, abating employer concerns of a labor shortage.
Some factories with high return rates are Samsung electronics manufacturer HCMC CE Complex (95 percent) and motor parts maker Nidec Sankyo (94 percent). Other manufacturers like Intel and Jabil also reported a return rate of over 90 percent.
Eight factories in Saigon Hi-tech Park of Thu Duc City, which utilize over 45,000 employees, reported between 80 percent and 95 percent of workers returning to work Tuesday after the annual Lunar New Year’s holiday Tet, according to park data.
Over 17 industrial zones and manufacturing areas where 273,000 employees work posted a return of 82 percent.
The high return rate is considered a relief to HCMC employers who, before the holiday, had expected a shortage of workers after Tet as many preferred to stay in their hometown.
Tet, Vietnam’s biggest national holiday, is a time when workers of large industrial parks leave en masse for their hometowns for family renuions.
Some factories of Vinatex, one of the biggest garment companies in Vietnam, posted a worker return rate of 100 percent as the company started off the year three days before the holiday ended to meet the surge in order numbers.
Pou Yuen, footwear maker and biggest employer in HCMC, is expected to see its return ratio rising from 64 percent Monday to 90 percent Wednesday.
Questions & Answers
Q.Which specific companies achieved a return rate of over 90% after the Tet holiday?
Which specific companies achieved a return rate of over 90% after the Tet holiday?
Samsung electronics manufacturer HCMC CE Complex reported a 95% return, while motor parts maker Nidec Sankyo saw 94%. Other companies like Intel and Jabil also achieved return rates above 90%.
Q.Why was the high worker return rate particularly important for employers in Ho Chi Minh City?
Why was the high worker return rate particularly important for employers in Ho Chi Minh City?
The high return rate was a relief because employers had anticipated a worker shortage after Tet. Many had expected employees to prefer staying in their hometowns rather than returning to work immediately after the holiday.
Q.Did all factories experience similarly high return rates across Ho Chi Minh City's industrial areas?
Did all factories experience similarly high return rates across Ho Chi Minh City's industrial areas?
No, not all areas had the same high rates. While major factories reported over 90%, 17 industrial zones with 273,000 employees posted an average return of 82%. Pou Yuen, a footwear maker, expected 64% rising to 90% later.
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