Lay offs

ROSARIO, CAVITE – While dozens of workers are losing jobs at the Cavite Economic Zone Authority (CEZA), hundreds are going to be hired soon as more investors are coming in, according to CEZA authorities.

More Filipino workers here and overseas are facing retrenchment in the coming months, the Department of Labor and Employment (DOLE) reported yesterday.

US-based outsourcing firm Accenture is laying off almost half its workforce in the Philippine because of the effects of the global financial crisis, the Labor department said on Tuesday.

US-based outsourcing firm Accenture is laying off almost half its workforce in the Philippine capital due to the effects of the global financial crisis, the Department of Labor and Employment said yesterday.

But government looking to hire 60,500 in 2009   The National Economic and Development Authority (NEDA) on Friday predicted that between 40,000 and 200,000 Filipinos would be laid off from work this year because of the global economic crisis.

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.

SUBIC BAY FREEPORT – Federal Express (FedEx), the world’s largest cargo delivery service company, has started transfering its entire Asia-Pacific hub operations from the Subic Bay International Airport (SBIA) to a new hub facility in Guangzhou, China.

JOB losses have claimed its first casualty in the Philippine mining industry, with a Canadian-led venture announcing layoffs in its Mindanao operation.

UP TO 300,000 people could lose their jobs in the Philippines over the next six months as the global financial crisis deepens, Labor Secretary Marianito Roque warned yesterday.

More companies in the electronics sector announced cutback plans yesterday while the Department of Labor and Employment (DoLE) estimates up to 300,000 persons could lose their jobs over the next six months as the global financial crisis deepens.

SAN FERNANDO, Pampanga – The Department of Labor and Employment here said the worldwide economic crisis has already displaced some 5,000 workers in Central Luzon since November, but the local call center industry remains in need of thousands more of agents.

Holcim Philippines Inc. announced they will be shutting down their plant for six weeks as demand for cement continues to weaken.

WASHINGTON – Intel Corp., the world’s biggest maker of computer chips, will close its manufacturing plants in the Philippines and Malaysia, as well as its only remaining factory in Silicon Valley, cutting as many as 6,000 jobs, the California-based company said in a statement yesterday.

UP TO 60,000 jobs could be lost in the country’s key electronics sector after Intel Corp. closed its plant in Cavite and Texas Instruments announced a number of layoffs, Labor Secretary Marianito Roque said yesterday.

Intel has formally announced the impending closure of its test-and-assembly facility in General Trias, Cavite to its employees yesterday, a source said.

Large export firms in Laguna have retrenched 35,000 workers and cut working hours to cope with the prevailing economic crisis, the Trade Union Congress of the Philippines (TUCP) reported yesterday.

FIFTEEN companies operating in economic zones nationwide laid off workers last year, according to state-run Philippine Economic Zone Authority (PEZA).

New York: The global economic crisis has made fears of unemployment the No. 1 concern, surpassing worries about poverty, social inequality, crime and violence, a 22-nation survey showed on Thursday.

Japan’s Sanyo Electric Co. plans to cut up to 1,000 jobs and is choosing which among its semiconductor plants in China, Vietnam and the Philippines to close to revamp its struggling businesses before being bought by Panasonic Corp., a press report said.

The global financial crisis has taken its toll even among the country’s biggest firms, a labor group said.

MANILA, Philippines (AP) U.S. microchip maker Texas Instruments Inc. is slashing 400 jobs in the Philippines to cope with falling orders amid the global economic crunch, labor officials said Friday.