Industries warn of more layoffs

The garment, textile industries and other sectors vulnerable to the global economic crisis are expecting more layoffs to come with closures and the slowdown in the operations of several companies nationwide.

In a recent tripartite meeting held at Occupational Safety and Health Center (OSHC), Boy Arpafo, a clothing textile industry leader, said that after letting go of 5,000 workers, the garment industry still expects the number of layoffs to double in the coming months.

“More layoffs are forthcoming because several companies are closing down because of serious financial losses and their profits are rapidly going down. Some of our workers are already reporting for work 3 to 4 days a week,” he said.

Arpafo said 30 percent of the factories have cut operations amid tough competition in the local market.

Read more..

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>