Shoe maker ‘Gambol’ cuts OT time away ‘Electricity and labor costs’ are expensive.

Shoe maker ‘Gambol’ cuts OT time away ‘Electricity and labor costs’ are expensive.

On October 2, Mr. Niti Kitkamjai, Executive Director of Big Star Co., Ltd., the manufacturer and distributor of branded shoes “Gambol” (GAMBOL), revealed that after the electricity utility has adjusted the variable electricity or FT fee in Around September-December 2022, the average electricity rate was 4.72 baht per unit and the minimum wage was increased on October 1 by 22 baht from 331 baht to 353 baht, affecting the company’s production costs further. Currently, the cost burden has increased by 20-30% due to rising raw materials and energy prices since the beginning of last year. However, the company does not have a plan to raise the selling price in the fourth quarter as it does not want to push the burden on consumers who are suffering from higher living expenses at the moment.

“Higher costs, including labor and electricity costs, we use time management methods and control the production to increase the volume under the same number of people. Including adding overtime in some departments as needed From the beginning, OT will be opened in all departments. Including not turning on more overtime when people are home and use a lot of electricity, such as during 6 am or 2-3 pm because this is the time when the electricity bill is the most expensive. in order to save electricity costs,” said Mr. Niti.