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To preserve jobs, DOLE seeks cash aid for small firms

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/06/04/20200602-covid19-gcq-bus-augmentation-edsa-jc-1998.jpg"/><figcaption>Commuters take advantage of P2P buses deployed by the Metro Manila Development Authority (MMDA) at the MRT North Avenue Station in Quezon City on June 02, 2020. <em>Jonathan Cellona, ABS-CBN News</em></figcaption></figure></div><p>MANILA - The Department of Labor and Employment said Thursday it was seeking P20 billion to provide cash subsidies to small and medium employers and preserve jobs during the pandemic.</p><p>The subsidies will help micro, small and medium enterprises cover 25 to 50 percent of their payroll costs, said Labor Secretary Silvestre Bello III.</p><p>&quot;We have proposed na magkaroon ng cash subsidy for employers, &#x27;yung employers ang bibigyan namin ng cash subsidy. To see to it na ang mga employees nila ay hindi tatanggalin at kung maari ay dadagdagan pa nga,&quot; Bello told Teleradyo.</p><p>(We proposed a cash subsidy for employers to see to it that they keep their workers or even add more.)</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/04/20/unemployment-jump-to-show-lockdown-toll-on-philippines-economy">Unemployment jump to show lockdown toll on Philippines: economist</a></li>	<li><a href="https://news.abs-cbn.com/business/05/06/20/through-the-fire-with-pandemic-businessmen-in-philippines-brace-for-recession">Through the fire with pandemic, businessmen in Philippines brace for recession</a></li>	<li><a href="https://news.abs-cbn.com/business/06/01/20/tasty-and-covid-free-food-businesses-try-to-soothe-virus-fears">Tasty and COVID-free: Food businesses try to soothe virus fears</a></li></ul><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/bEkVIXNFps8?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>Metro Manila transitioned to general community quarantine on June 1, however, some businesses remain closed while a few are planning to either temporarily or permanently close, Bello said. </p><p>The DOLE earlier launched cash aid programs including a P5,000 assistance for formal workers, a 10-day job opportunity for informal workers and a $200 aid for overseas Filipino workers who lost their jobs due to COVID-19. </p><p>Some 1 million OFWs are expected to lose their jobs in a &quot;worse case scenario,&quot; on top the DOLE&#x27;s earlier estimate of 5 million workers, Bello said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/news/05/01/20/dole-to-continue-lockdown-aid-for-workers-after-fund-shortage-palace">DOLE to continue lockdown aid for workers after fund shortage: Palace</a></li>	<li><a href="https://news.abs-cbn.com/news/03/31/20/workers-can-go-straight-to-dole-for-p5000-cash-aid-bello">Workers can go straight to DOLE for P5,000 cash aid: Bello</a></li>	<li><a href="https://news.abs-cbn.com/business/04/07/20/dole-proposes-p10000-cash-aid-to-150000-ofws-as-coronavirus-crisis-continues">DOLE proposes P10,000 cash aid to 150,000 OFWs as coronavirus crisis continues</a></li></ul>

<p>The Department of Labor and Employment said Thursday it was seeking P20 billion to provide cash subsidies to small and medium employers and preserve jobs during the pandemic.</p>

The Department of Labor and Employment said Thursday it was seeking P20 billion to provide cash subsidies to small and medium employers and preserve jobs during the pandemic.