“Thai construction giant ITD begins clearing overdue wages amid liquidity woes”

Italian-Thai Development (ITD), Thailand’s largest construction company, has begun paying overdue wages to 30% of its workers after receiving support from banks to resolve its liquidity crunch…

ITD informed the Stock of Exchange of Thailand on March 13 that it was unable to pay salaries due to a liquidity shortfall, prompting workers to quit or lay down tools…

Following reports of ITD workers failing to get paid, the Labour Ministry stepped in to negotiate…

The company informed the ministry that it has paid overdue wages to 6,626 Thai and migrant workers, or around 33% of its workforce. The rest would be paid in full before the end of April, it said…

Most of the 6,626 labourers work in Rayong, Pathum Thani, Chiang Mai and Nakhon Ratchasima. The overdue wages paid so far total over 30 million baht…

… its workforce comprised 20,188 workers on 155 construction projects nationwide….

LPWD director-general Sopha Kiartniracha said her officials were collecting complaints from ITD workers who are working without pay…