Nepal: Recruitment agencies request govt to return guarantee deposits paid to obtain operation licenses amid labour migration fallout

Author: Chandan Kumar Mandal, The Kathmandu Post, Published on: 25 May 2020

"Recruiting agencies want their guarantee amount back as their business is affected due to Covid-19", 26 May 2020

Foreign job recruitment agencies have demanded that the government return their guarantee deposits in light of the Covid-19 pandemic which has severely hit the labour migration sector.

It’s been more than two months since the country’s foreign employment sector came to a complete halt. It is the biggest crisis to hit the country’s foreign employment sector till date, and recruiting agencies are struggling to survive. 

They have demanded the government to return the guarantee amount, deposited while obtaining the operation licence, to shore up their business. 

All recruiting agencies should deposit guarantee—cash and bank guarantee—to get the operation licence. Last year, the government had hiked the guarantee amount and also categorised the existing recruiting agencies into three groups based on the number of workers they would supply in a year.

Recruiting agencies have been saying that the government has options to utilise the money instead of letting it freeze...

Although the foreign employment sector has suffered a great deal from the pandemic, Baniya says impacts on recruiting agencies are varied... 

Read the full post here