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Early retirement shocks workers
Bangkok Post
|September 01, 2025
Employees should carefully review their social security entitlements, as some benefits that are tied to the minimum age of 55 may be forfeited if they retire too early. Employers, in turn, must ensure adequate compensation and avoid coercion.
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Supant Mongkolsuthree, former chairman of the Federation of Thai Industries, told the Bangkok Post the economic downturn in 2025 is unlike past crises, with technology accelerating job displacement.
He urged policymakers to revise unemployment benefits further to address rising living costs.
Still, he said many Thai-owned companies give employees reasonable lead time to prepare for departure, rather than proceeding with abrupt dismissals.
"Some financially stable companies offer reskilling in digital skills to help employees delay retirement," Mr Supant added.
Nonetheless, certain industries, such as craftsmanship, healthcare, and creative fields, will remain resilient, according to him.
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