MANILA – ELECTRONICS company Amkor Technology has laid off 1,500 workers from its two plants in the Philippines due to declining orders, a company official said on Friday.
The redundancies are the latest blow to the Philippines’ once-booming electronics sector which has slowed since accounting for over 60 per cent of the country’s exports between August-November 2007.
Amkor Technology (Philippines) laid off the 1,500 workers from its two plants in the towns of Muntinglupa and Santa Rosa near Manila effective Friday, said company vice-president Danny Javelosa.
The company, which makes components for semiconductors, still employs 6,500 workers and is not anticipating further lay-offs, Mr Javelosa told AFP.
He blamed the cuts on declining orders from overseas in the face of the global financial crisis.
The company had already been operating on a shortened work-week since December to avoid any retrenchments but was forced to reduce its workforce by nearly 20 per cent this month as orders remained stagnant, he said.
Staff who had been with the company for almost 30 years were among the redundancies, he said, adding ‘we are giving the people fair compensation for the services they rendered’. The Philippine export sector – particularly the two leading sectors, electronics and garments – has been hit hard by the global financial turmoil.
Many companies in these areas have been forced to resort to retrenchments, shorter work hours or in some cases, outright closure.
The government fears that as many as 60,000 workers in the electronics sector could lose their jobs due to the financial crisis.
The electronics sector employs 480,000 workers. — AFP
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
