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Myanmar Labour Market Update 2023 by International Labour Organization (ILO)

The International Labour Organization (ILO) released a new brief highlighting the current labour market situation in Myanmar on 27th July 2023.

The brief states that the labour market in Myanmar has not yet recovered from the shocks of the military takeover nearly three years prior, the COVID-19 crisis and subsequent socioeconomic turmoil. Real wages declined by 15 per cent between 2017 and 2022. Over 70 per cent of households stated they had resorted to liquidating assets, drawing down on savings, or borrowing as coping mechanisms to deal with wage and income losses. The employment-to-population ratio among women in Myanmar decreased twice as much as that of men, indicating that women are disproportionately affected.

You can access the brief on the ILO website here.
Through its business investments, operations, local partnerships, and products, European companies create nearly 500,000 jobs for the local community and provide livelihoods in manufacturing, logistics, health, agribusiness, consumer goods and other sectors. In recognising the severity of the crisis impacting the population, many corporate members are also providing additional benefits, including meals, transportation, free healthcare and additional training to employees. Through ongoing engagement and responsible and sustainable business practices, EuroCham members aim to create a positive impact and navigate the challenges in Myanmar with care and responsibility.