Over 2,000 companies declared permanent closure, redundancy or retrenchment: DOLE

ABS-CBN News

Posted at Jun 09 2020 02:18 AM

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Nearly 70,000 Filipinos have lost their jobs after thousands of businesses here in the country ceased their operations due to the impact of the COVID-19 pandemic. But an employer's group warns companies who will declare bankruptcy may be unable to pay workers' separation benefits. - The World Tonight, ANC, June 8, 2020