DOLE watches impact of US credit rating downgrade on OFWs

Published by rudy Date posted on August 9, 2011

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

Nov 16 – International Day for Tolerance

“No more toleration of 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

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

November


Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists

Nov 9 – World Science Day for Peace
and Development

Nov 16 – International Day for Tolerance

Nov 19 – World Toilet Day

Nov 20 – World Children’s Day

Nov 25 – Intl Day for the Elimination of
Violence Against Women

 

Monthly Observances:


Homes Safety Month

Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility

Environmental Awareness Month
National Children’s Month
Organic Agriculture Month 

 

Weekly Observances:

Nov 19-25: Global Warming and
Climate Change Consciousness Week 

Nov 23-29: National Girls’ Week
Population and Development Week

Nov 25 – Dec 12: Social Welfare Week 18-Day Campaign to End
Violence against Women 

Week 2: Week 3: Drug Abuse Prevention
and Control Week 

Last Week: Safety and Accident
Prevention Week


Daily Observances:

Last Saturday: Career Executive Service
Day 
Nov 19: National Child Health Day

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.