More than five million workers could lose their jobs due to the impact of the COVID-19 and the quarantine rules imposed to curb its spread.
Department of Labor and Employment Secretary Silvestre Bello III speaks during the ASEAN Labor Ministers’ Retreat in Davao City.
“Actually, our estimate is that we might lose about more than four to five million jobs. Right now we already lost 2.6 million workers resulting from businesses going into temporary closure, and another group of business establishments having flexible working arrangements,” Bello said when asked by Senate President Pro-Tempore Ralph Recto about the Department of Labor and Employment’s outlook.
The figure could increase, he said, as this has yet to consider the 8.6 million workers in the retail sector and the 3.8 million workers in manufacturing industry.Tourism Secretary Bernadette Romulo-Puyat also affirmed that tourism businesses could lay off employees due to the persisting travel restrictions.
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