The Department of Labor and Employment is now monitoring the possible impact on overseas Filipino workers of last weekend’s credit rating downgrade on the United States.
“We are closely watching how the credit rating downgrade of the US by Standard & Poor’s will unfold [in the near term],” Labor Secretary Rosalinda Baldoz said in a statement issued Tuesday.
The Labor chief pointed out she does not expect any massive layoff of OFWs despite the economic crisis in the world’s No. 1 economy.
Baldoz also noted Bangko Sentral ng Pilipinas Gov. Amado Tetangco Jr. had downplayed the effects of the credit rating downgrade on the Philippines.
On the other hand, she said it is too early to tell how the downgrade will affect the employment of Filipinos in the US.
The DOLE said the Philippines’ deployment of new hires and rehires to the US stood at only 3,705 OFWs as of the end of 2010.
“In 2010, we deployed only 3,705 OFWs to the US compared to 6,248 OFWs in 2009. Most of them were farm and hotel/resort workers holding H2B and H2A visas,” she said. — JE, GMA News
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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