Job losses mounting

The Labor department was reported as warning yesterday that up to 300,000 people could lose their jobs by the end of June in a “worst-case scenario,” but Labor Secretary Marianito D. Roque denied making such a statement.

AFP quoted Mr. Roque as offering the figure to reporters, but when asked to clarify later in the day, he replied that estimates could not be made as he did not know how many firms would be closing shop.

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