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

September 18 –
International Equal Pay Day

“Increase wages now,
more than other cost items.
For widespread, practical equality!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.

Accept the 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!

September –

 

  5 Sept – Intl Day of Charity

  7 Sept – Intl Day of Clean Air for Blue Skies

  8 Sept – International Literacy Day 

12 Sept – United Nations Day for South-South Cooperation

15 Sept – International Day of Democracy 

16 Sept – International Day for the Preservation of the Ozone Layer

17 Sept – World Patient Safety Day

18 Sept – International Equal Pay Day

21 Sept – International Day of Peace

26 Sept – International Day for the Total Elimination of Nuclear Weapons

27 Sept – World Tourism Day

28 Sept – International Day for Universal Access to Information

29 Sept – International Day of Awareness of Food Loss and Waste

30 Sept – World Maritime Day

 

Monthly Observances:

Health, Safety and Sanitation Month

National Clean-up Month

Civil Service Month

National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 4)

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: National Family Week

Daily Observances:

Third Saturday:

International Coastal Clean-up Day

Third Monday: World Health Day

Last Friday: National Maritime Day

Sept 8: National Literacy Day

Sept 15: Philippine Medicine Day

Categories

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