DOLE: Over 36,000 workers lose jobs in Jan.-Oct. 2013 | | Philippine News
Home  » Latest News

DOLE: Over 36,000 workers lose jobs in Jan.-Oct. 2013

More than 36,000 workers lost their jobs during the first ten months of 2013, the Department of Labor and Employment (DoLE) said.

This was slightly higher than the 35,500 workers recorded in 2011 and 31, 700 workers in 2012.

Citing its preliminary labor data dated January to October 2013, the Bureau of Labor and Employment Statistics (BLES) said the displaced workers came from the 1,925 establishments that filed notices of closure and retrenchment at DoLE’s regional offices.

Around 22,173 of the workers were from the service sector while 14,251 of them came from the industry sector. Only 215 of them came from the agriculture sector.

A total of 12,740 of the affected employees were retrenched due to reorganization, downsizing and redundancy of positions in their respective companies’ operations.

Other reasons cited for the job loss were financial losses, lack of market or demand, uncompetitive prices of products, competitions from imports, high cost of production, lack of capital, peso depreciation, change in management, and lack of raw materials.

BLES, however, said the number of these workers could noting that it has not yet included the data for the November and December when some parts of the country was devastated by the Zamboanga Crisis and typhoon Yolanda. (Samuel Medenilla)