The national manufacturing sector is currently facing severe pressure as the trend of contracting industrial activity continues. This condition triggers serious concerns regarding the potential wave of layoffs that could affect workers in the sector over the next few months.
The slowdown in the manufacturing sector is not only reflected in index figures that are below the expansion level. Various other supporting indicators also show significant weakening, ranging from a decrease in production output volume, weakening demand for new orders, to efficiency measures that companies are forced to take in the form of workforce reductions.
Labor-intensive industrial sectors, such as textile manufacturing, are considered the most vulnerable segments to this shock. Given their characteristics that rely on a large number of workers, there are concerns that continued contraction in this sector will have a direct impact on the economic stability of workers if it is not immediately anticipated with strategic policies from the relevant parties.
