HALFWAY through the year, more than 112,000 workers have lost their jobs after over 4,000 companies either shut down or implemented retrenchment this year due to the coronavirus disease (COVID-19) pandemic.
Based on the latest Job Displacement Monitoring Report of the Department of Labor and Employment (DOLE), a total of 4,354 companies had displaced workers totaling 112,414, as of July 5.
“A total of 112,414 workers were displaced nationwide from 4,354 establishments from January 2020 to present as reported by the DOLE Regional Offices, with 91 percent of which reduced workforce (3,946), while the remaining 9 percent reported permanent closure (408),” said the DOLE report.
The report said the 408 firms that reported permanent closure displaced a total of 9,394 workers.
On the other hand, the 3,946 companies that retrenched workers affected 103,020 employees.
In the first 5 days of July alone, a total of 7,696 employees from 372 firms lost their jobs.
The month of June tallied the highest number of reporting establishments with 2,602, which meant the displacing of 50,589 workers.
The National Capital Region (NCR) had the most number of displaced workers with 48,801; followed by CALABARZON with 25,960.
Also having high number of displaced workers are Central Luzon (12,651), Central Visayas (5,643), Cordillera Administrative Region (5,166), Davao Region (3,709), and Northern Mindanao (2,699).
In terms of major industry group, having the most displaced workers were under administrative and support service (30,831), followed by the other service activities (16,133), and the manufacturing sector (14,519).
Also suffering massive job losses are the accommodation and food service industry (7,649); information and communication (5,710); and financial and insurance activities (5,023).
The COVID-19 pandemic saw the imposition of various levels of community quarantine, which resulted in the halt in operations of nearly all business establishments starting March.
