Gov’t fears 60,000 IT job losses

Intel confirms Philippine plant closure. The government is giving counseling and retraining to “about 60,000 workers that could be affected nationwide” in the electronics industry as factories close down or cut workforces amid a deepening global recession, the secretary of labor said Thursday.

The labor department is “getting daily notices now not only of retrenchments but also of reduction of work shifts, reduction of working hours and compression of the workweek,” Secretary Marianito Roque said.

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