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DOLE eyes payroll subsidies for employers to keep jobs
DOLE eyes payroll subsidies for employers to keep jobs
Arianne Merez,
ABS-CBN News
Published Jun 10, 2020 12:12 PM PHT
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Updated Jun 10, 2020 01:11 PM PHT
People traverse the sidewalks in Makati City on June 2, 2020 amid the general community quarantine. Some workers in industries allowed under GCQ return to work amid the lack of mass transportation. Mark Demayo, ABS-CBN News
MANILA (UPDATE) -- The Department of Labor and Employment on Wednesday proposed subsidies for employers to avoid further job losses due to the COVID-19 pandemic.
The government plans to cover around 25 to 50 percent of payroll costs of employers on the condition that they avoid retrenchment, Labor Secretary Silvestre Bello III said.
"This is intended to protect and preserve the employment status of our employees," he added.
The number of jobless Filipinos grew to 7.3 million in April as the unemployment rate surged to 17.7 percent at the height of the coronavirus lockdown.
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