Layoffs ease at ecozone factories, as companies gear up production

Layoffs and retrenchments of workers in the country’s economic zones have finally stopped because companies are starting to rehire workers to gear up their production again as product inventory starts to dry up after a long production lull.

This was reported by Philippine Economic Zone Authority (PEZA) Director General Lilia B. De Lima said there was no report of retrenchments and layoffs in the past two weeks compared to January when retrenchments were at the highest affecting mostly semiconductor and electronics firms.

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