Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Saturday, 26 September 2020 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << September 2020 >> 
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

DOLE monitors effects of global financial crisis in local firms

by Venus G. Villanueva

Kalibo, Aklan (19 February) -- The Department of Labor and Employment (DOLE) here is currently monitoring firms and establishments which might be affected already by the global financial crisis.

Joselito De la Banda, DOLE Aklan Provincial Head said this is necessary to avert retrenchment of employees or closure of establishments.

De La Banda said DOLE has a Quick Response Team (QRT) ready to assist employees and employers who are apprehensive on the state of their establishments and working status.

Through the QRT, De La Banda said employers may get solutions to prevent closure or retrenchment of employees, such as reduction of work days, flexible working time, and utilization of leave credits, until such time when the company is stable enough to operate normally.

The national government, on the other hand, is readying various measures to help and assist displaced/retrenched workers as well as companies affected by the global economic meltdown.

These measures, enumerated by President Gloria Macapagal Arroyo in her speech during the Multi-Sectoral Jobs Summit in Malacanang recently, include the condonation of SSS on penalties and surcharges on loans of affected workers; establishment of stand-by fund by DOLE and the Overseas Workers Welfare Administration (OWWA) for displaced OFWs, implementation of training programs, reduction of cost of doing business by providing fuel subsidy to firms operating in the export business; having the government financial institutions provide loan facilities such as working capital, etc,

Just recently, the government also announced that it is going to spend P7 billion to hire 180,000 contractual employees.

Budget Secretary Rolando Andaya said these government vacancies have already been allocated funds for the purpose of hiring personnel, and these are in addition to the plans of Malacanang to order government agencies to set aside 1.5 percent of their maintenance and other operating expenses (MOOEs), estimated at P7 billion to hire 180,000 casual employees for six months. (PIA) [top]

|«  prev  next  »|
»Waray-Waray News: GRP andam na para makighurohimangraw hit MILF Razon
»Waray-Waray News: Mga opurtunidad nakatalaan ha mga miyembro ha pag piperma ni Presidente Arroyo han 'Cooperative Code of 2008'
»Cebu Pacific now flies Manila-Calbayog
»Waray-Waray News: Task force, mag iimbistigar han mga nagtalapas han Oil Deregulation Law
»Comelec offices open on Saturdays, holidays starting February 28
»Decision on proposed fare cut to be announced before weekend, says LTFRB
»$198-M compensation package shows America's great respect for Filvets - US Embassy
»PGMA, investors visit Samal Mariculture Park
»Opportunities in Samal "aqua-industrial park"
»Finance Secretary, BIR Commissioner to lead BIR's kick-off tax campaign
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines