Majority of displaced workers in PH came from big firms – DOLE
The majority of displaced workers in the Philippines came from large companies as they struggle to cope with pandemic-induced business disruptions this year, according to the latest displacement report of the Department of Labor and Employment (DOLE).
Big firms in the country recorded a total of 185,698 job losses in 2021. Followed by small enterprises with 57,788, medium-sized firms with 29,833, and micro establishments with 8,297.
Over 280,000 employees were permanently displaced from January to August, 36% higher compared to the jobless workforce during the same period last year.
Of the displaced workers, more than 250,000 were affected by retrenchment or reduction of workforce (RWF) by over 7,500 establishments, and about 27,000 lost their jobs due to permanent closure (PCL) of more than 1,400 companies in the country.
A total of 1.19 million workers nationwide are now registered by the labor agency as temporarily displaced professionals.
However, DOLE is expecting this figure to drop as the Philippines eases its quarantine restrictions in favor of granular lockdowns.
