DOLE chief: 2,068 firms reported closures due to COVID-19, 69,000 jobs lost

Arianne Merez, 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/06/10/20200602-gcq-makati-pedestrians-md-2.jpg"/><figcaption>People traverse the sidewalks in Makati City on June 2, 2020 amid the general community quarantine. Some workers in industries allowed under GCQ return to work amid the lack of mass transportation. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA -- Labor Secretary Silvestre Bello said Tuesday 2,068 companies reported closures during the coronavirus pandemic, resulting in 69,000 job losses.Overseas, around 321,000 Filipino workers were displaced because of the crisis, of which over 191,000 do not want to return to the Philippines, Bello said.Official data from the Philippine Statistics Authority showed that in the 3-month period ended April, unemployment surged to a record 17.7 percent, bloating the total number of jobless Filipinos to 7.3 million.The labor department granted a one-time P5,000 financial assistance to workers with reduced or no income due to the pandemic.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/05/20/philippines-coronavirus-covid-lockdown-record-unemployment-jobless-73-million">Jobless Filipinos balloon to 7.3 million in April as unemployment soars in lockdown</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></ul>

Labor Secretary Silvestre Bello said Tuesday 2,068 companies reported closures during the coronavirus pandemic, resulting in 69,000 job losses.

Labor Secretary Silvestre Bello said Tuesday 2,068 companies reported closures during the coronavirus pandemic, resulting in 69,000 job losses.

DOLE chief: 2,068 firms reported closures due to COVID-19, 69,000 jobs lost | ABS-CBN

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DOLE chief: 2,068 firms reported closures due to COVID-19, 69,000 jobs lost

DOLE chief: 2,068 firms reported closures due to COVID-19, 69,000 jobs lost

Arianne Merez,

ABS-CBN News

Published Jun 10, 2020 12:58 PM PHT

Read More:

unemployment

job losses

COVID-19 crisis

COVID-19 labor

coronavirus update

trabaho COVID-19

DOLE

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