OFWS & Migration

OFWs face a bleak future as global crisis hits companies worldwide

JOBS FOR GRABS. Hundreds of job seekers queue at the job fair dubbed Jobapalooza on May 1 in one of the leading malls in Davao. The Department of Labor and Employment initiated the job fair to "address the effects of the global crisis on the workers and the economy." (davaotoday.com photo by Barry Ohaylan)

DAVAO CITY -- Unlike most of the overseas Filipino workers who lost their jobs in Taiwan, Isabelita Atis, 29, felt relieved when her plane finally touched down at the Davao International Airport in December last year. She was among the 6,468 thousand overseas Filipinos laid-off in Taiwan after 95 Taiwanese companies were forced to trim down their workers as an effect of the global financial crisis. Atis said she was glad she got rid of her exhausting job, which was supposed to end in January this year. Unlike other OFWs from Taiwan, she had no debts to pay and had also put up a decent amount of savings. Other retrenched workers were not as lucky. Those who were laid off with Atis were worried how to pay their debts and how to find another job to support their families. Read on.

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OFWs in US not recession proof; expect slump in remittances, economic crunch — Maza

Gabriela Women's Party Representative Liza Maza said Malacanang's economic managers should stop sugarcoating the global financial crisis and its impact on the Philippine economy and tell it like it is.…

Continue ReadingOFWs in US not recession proof; expect slump in remittances, economic crunch — Maza