Stop job losses
Posted on August 11th, 2009 | by Philippine Accounting Jobs |THE Nacionalista Party has urged the Arroyo administration to come up with a stimulus package for local industries to help mitigate the impact of the global financial crisis.
In a statement, NP spokesperson and former Cavite Rep. Gilbert Remulla warned that the recession in other countries will result in a growing number of jobless Filipinos.
Remulla said that hundreds of migrant workers will return home if the global financial meltdown is not resolved.
Citing latest figures, Remulla said there are now 4.2 million unemployed Filipinos and 6.6 million underemployed.
This number of unemployed Filipinos is expected to increase in the next few years as the local economy, particularly the exports sector, continues to feel the impact of the global recession, the former solon said.
“The government should stop claiming that the Philippines remains resilient in the global financial crisis because it is not. We need to face this crisis head on by pushing for job creation programs and providing stimulus package to the local industries,” Remulla said.
The stimulus plan should cover the small and medium scale industries that comprise 95 per cent of the local economy, the NPC spokesman said.
He said the government should prioritize the stimulus package for vulnerable sectors like manufacturing, garments and textiles and even information technology (IT) industries.
Source: Jester P. Manalastas