More Korean And Japanese Companies To Close Shops In Philippines

Category: By we designworks!
Another sad news for our country Philippines because of World Economy Crisis ...

Manila, Philippines (AHN) - The imminent closure of several Japanese and Korean IT companies in the Philippines, as well as the downsizing of operations of some, will cost the jobs of over 40,000 Filipinos in the first quarter of the year in south-central Philippines, a workers group said.

The Pagkakaisa ng Manggagawa sa Timog Katagalugan-Kilusang Mayor Uno or Pamantik-KMU (Union of Workers In Southern Tagalog-KMU), said those facing lay-off are mostly non-union members in electronics and car manufacturing sectors in the Cavite, Laguna, Batangas, Rizal and Quezon processing zones.

Romeo Legazpi, chairman of Pamantic said workers from Samsung, Yazaki, F-Tech, Fujitsu, NEC, TDK, and Matsushita are facing lay-offs in the first quarter of 2009. In September 2008, Amkor wiped out all its 3,000 contractual women workers.

Integrated Microelectronics Inc. (IMI), which used to employ 17,000 workers, 90 percent of which are women, terminated 3,000 contractual workers last December, in addition to the 1,000 regular workers in forced leaves also last month.

Last week, U.S. chipmaker Intel Corp., said it is closing down its assembly test facility in Cavite, that would affect 1,800 workers.

The group also assailed various schemes implemented by car manufacturing companies affected by the global financial crisis.

In the car industry sector, Toyota Motor Philippines implemented this month a Monday-no-production day and it announced to "temporarily" get rid of its 500 contractual workers and on-the-job trainees by March.

Nissan Motors laid-off 40 regular employees in December and plans to retrench an additional 70 more this February. Keihin Philippines plans to implement a four-day work month this February. Ford now maintains only 18 employees out of the previously 400 workforce. Isuzu Philippines will soon follow the steps of its mother company, which displaced 30,000 Japanese employees.

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4 comments so far.

  1. Thankful Paul February 3, 2009 at 8:58 AM
    Hello! :)
  2. mahendra February 3, 2009 at 9:49 AM
    world wide impact of economic crisis, so we in South East Asia must back to tide money policy
  3. ghannielle February 3, 2009 at 11:24 AM
    your right mahendra ... the government also shoudld make some solutions or projects to help those workers who lost their jobs ...
  4. vhingF February 3, 2009 at 12:22 PM
    sad story but it's worldwide....

    here abroad dollar rises but salary still not increasing. as usual we workers are losers. no choice we are already here and put to our mind this is better than nothing....

Something to say?