COVID-19 as an immediate cause of economic pressures is likely to be time limited. It is therefore important that adequate continuity planning is in place which allows businesses to recover quickly and effectively when demand recovers. Jobs, and therefore job protection, are a crucial part of this ability to recover. Skills and labour are valuable company resources, and retention of these skills can allow businesses to maintain a competitive edge beyond the crisis, avoiding potentially costly hiring and re-training costs in the future. This is especially relevant if there is likely to be competition for skills and talent in certain sectors once the COVID-19 crisis is over. Broader consideration might be given to the macro-economic benefits of job protection, particularly the linkage between income, ongoing consumption, and the overall functioning of the economy. Clearly demonstrating commitment to the workforce has significant additional benefits including maintaining the goodwill of workers, customers, and the broader community.
As a country of origin, destination, and transit for forced labour and human trafficking, Thailand has been expanding its efforts to offer shelter and assistance to both Thai and foreign citizens, however, some gaps remain. Using international stand...Read More
Under the Short Guides on Modern Slavery Reporting, CORE has developed this short guide aimed at offering a rationale for investor engagement with companies on modern slavery and supply chain reporting, and suggests questions for investors to raise...Read More
Millions of vulnerable workers in the garment industry have been laid off or have lost wages as a result of order cancellations and non-payment by apparel brands in the context of the COVID-19 pandemic. Recent reports from worker groups and media sh...Read More
Financial institutions analyse typologies to pursue investigations, compare scenarios and follow patterns that lead to identifying suspicious activities linked to trafficking and slavery. The typology repository offers guidance for banks on a number ...Read More
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