The department of labor and Employment (DOLE) said they had made a contingency plan for helping the local and overseas Filipino workers who may lose jobs due to the global financial crisis.
According to Labor and Employment Secretary Marianito D. Roque, the plan made a set of interventions for workers who may be fired due to the current international economic crisis. However, it is not to say that the crisis has already caused a massive displacement of workers.
Once the displacement occurs, the DOLE would immediately implement its contingency plan for affected local workers and overseas Filipino workers (OFWs). The interventions consist mainly of helping affected OFWs find employment in other overseas destinations or set up livelihood or business enterprises for those who no longer want to work abroad, and the fund from the livelihood program shall be set aside for assistance to displaced OFWs, according to Sec. Roque..
The DOLE is trying their best to open new employment opportunities for OFWs in other courtiers to offset job losses in the labor markets that could be hit adversely by the financial crisis.