'Build, Build, Build' can absorb Hanjin workers: employers' group


Posted at Jan 11 2019 03:33 PM

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MANILA -- Should shipbuilder Hanjin's debt woes result in job losses, its workers could shift to the government's "Build, Build, Build" program, the head of an employers' group said Friday.

Hanjin's Philippine unit has sought court-assisted rehabilitation to determine how it could pay $412 million in debt to 5 banks as it reels from a slowdown in global demand for shipping.

The company's 3,000 workers are "quite a big number," but construction firms catering to the government's infrastructure push can "easily absorb them," said Employers Confederation of the Philippines president Sergio Ortiz-Luis.

"I am not worried that they will not be employed," he said.