50-100T OFWs To Lose Jobs Due To World Financial Crisis-DOLE
The Department of Labor and Employment XI yesterday confirmed that an estimated 50 to 100 thousand Overseas Filipino Workers are set to lose their jobs due to the world financial crisis.
"But this number is very negligible compared to the number of OFWs we have worldwide," DOLE XI regional director Atty. Jalilo dela Torre said during yesterday's UGNAYAN sa Royal Mandaya press conference.
On the other hand a total of 590 thousand are in danger of being displaced because of the financial crisis. Among them are OFWs who work in the United States under temporary working visas (129T), seafarers working in cruise ships (130T), factory workers in South Korea, Taiwan and Macau (268T) and household service workers in Singapore, Macau and HongKong (48T).
Dela Torre however said that in general there is no displacement of OFWs due to the financial crisis. He said the employment of two million OFWs in the Middle East and 500,000 OFWs in Europe is secure and stable.
He said there are lots of potential labor markets for OFWs like Canada, Australia, New Zealand and Guam.