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Home 2009 January - February 2009 Impact of financial crisis on overseas Filipino workers

Impact of financial crisis on overseas Filipino workers

Thursday, 31 December 2009 14:04 IBON Foundation, Inc.
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Table 1. NUMBER OF OFWs DISPLACED BY THE GLOBAL FINANCIAL CRISIS BY COUNTRY October 2008 to January 31, 2009

Country No. of Company/ies Affected No. of Displaced Workers Industry
TOTAL 144 5,221
Taiwan 97 4,154 Electronics, Semiconductor, Metalworks
UAE 11 312 Technical Services
Canada 1 180 Oil and Gas
Macau 5 153 Construction, Hotel/Casino
Brunei 4 112 Garments
Australia 2 81 Shipbuilding, Construction
Korea 13 71 Electronics
Saudi Arabia 2 53 Construction
Greece 2 31 Cruise Vessels, Restaurants
Russia 1 19 Building Construction
Malaysia 2 17 Electronics
United Kingdom 1 16 Electrical, Telecom
Japan 1 14 IT
Poland 1 7 Metalworks
Laos 1 1 Minerals
Source: Philippine Overseas Employment Administration

Table 2. NO. OF OFWs AWAITING DEPLOYMENT BUT HELD IN ABEYANCE DUE TO PROJECT CLOSURE/REDUCED PRODUCTION BY COUNTRY
October 2008 to January 31, 2009

Country No. of Company/ies Affected No. of Displaced Workers Industry
TOTAL 7 273
Singapore 1 12 Metalworks
Australia 1 4 Construction
UAE 3 85 Service, Electronics, Construction
Canada 1 167 Construction, Energy
Palau 1 5 Service
Source: Philippine Overseas Employment Administration