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DOLE eyes payroll subsidies for employers to keep jobs

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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/news/06/10/dole.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 (UPDATE) -- The Department of Labor and Employment on Wednesday proposed subsidies for employers to avoid further job losses due to the COVID-19 pandemic.The government plans to cover around 25 to 50 percent of payroll costs of employers on the condition that they avoid retrenchment, Labor Secretary Silvestre Bello III said.&quot;This is intended to protect and preserve the employment status of our employees,&quot; he added.The number of jobless Filipinos grew to 7.3 million in April as the unemployment rate surged to 17.7 percent at the height of the coronavirus lockdown.<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></ul>The labor chief said 2,068 companies ceased operations due to the COVID-19 crisis, leaving behind 69,022 out of work Filipinos.From March to May, the labor department granted a one-time P5,000 financial assistance to workers with reduced or no income due to the pandemic.

The Department of Labor and Employment on Wednesday proposed subsidies for employers to avoid further job losses due to the COVID-19 pandemic.

The Department of Labor and Employment on Wednesday proposed subsidies for employers to avoid further job losses due to the COVID-19 pandemic.

DOLE eyes payroll subsidies for employers to keep jobs

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DOLE eyes payroll subsidies for employers to keep jobs

Arianne Merez,

ABS-CBN News

Published Jun 10, 2020 12:12 PM PHT

|

Updated Jun 10, 2020 01:11 PM PHT

Read More:

employment

DOLE

COVID-19 crisis

coronavirus update

COVID-19 trabaho

Silvestre Bello III

coronavirus labor

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