Some 14,021 workers who were temporarily laid off and those under flexible work arrangements in 53 firms are now back to their regular employment, the Department of Labor and Employment (DOLE) reported yesterday.
The Bereau of Labor and Employment Statistics (BLES) reported that the biggest rejoining workforce comes from Calabarzon, totaling 7975 workers in 29 firms.
"Some firms in economic zones affected by the crisis have started to recover as new work orders started to come in," says Labor Secretary Marianito Roque.
The DOLE chief says that even as the crisis reels in many parts of the world, investors are coming to the Philippines to put up businesses which will subsequently open up thousands jobs for many local workers.
The DOLE reported that there would be around $15-billion in investments to be expected in the mining industry this year alone.
They also say that despite the displacement of 6,000 Overseas Filipino Workers (OFWs), the demand continues to soar. The Manila Economic Cultural Office reported that the 852 displaced OFWs in Taiwan were rehired this year, coupled by 468 others who found jobs as well.
Source: Business Mirror
2 comments:
This is very good news indeed. This should soften the blow that rocked the Philippine working class last week regarding the news the 2,000 plus workers were laid off by Fujitsu (among other declared or undeclared mass lay offs).
This is definitely one great indication that the recession is finally receding. As part of a normal business cycle, employment booms don't normally serve as a leading indicator, ahead of GDP expansion, but at least some of us can breathe a little easier knowing that we can still afford to sustain economic growth, even if it is just a fraction of what we had during the bull years.
This might not directly translate to a boost in consumer spending and a slowed inflation rate but at least we'll be able keep unemployment to a minimum, as well as ensure that the government will be able to increase tax collection revenues. If it boosts righteous government spending, especially on infrastructure development and enticing more foreign capitalization on local businesses, this could, in some way, encourage consumer spending as well.
... here's hoping.
things are certainly picking up now. Almost every company has recovered. The bad blood has been weeded out. Time to pick up where we left off...
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