Sen. Estrada sought yesterday special fiscal and non fiscal incentives for all companies that would retrain and hire retrenched overseas Filipino workers.
Estrada, chairman of the senate committee on labor and employment and human resources development and the joint congressional oversight committee on labor and employment, said the incentives could be though "tax credits, tax exemptions, income tax holidays, duty free importation of raw materials and equipment" or a combination of these.
"With these incentives, local companies - even those that had otherwise decided to freeze their hiring of employees due to the economic slowdown, would be able to absorb additional personnel from among the ranks of the retrenched Overseas Filipino Workers. This measure could help retrenched Overseas Filipino Workers find new jobs, and on the other hand, help our local enterprises weather the effects of the crisis," Estrada said.
Estrada cited reports from the Philippine Overseas Employment Administration that
3,567 Filipinos from Macau, China have been laid off due to the global crisis.
He said the bulk of the laid off OFWs - 3,321 - were from Taiwan's electronic metal works and semi-conductor companies while some were from Macau's casino and construction firms; South Korea's electronics ; Brunei's electrical and communications; Australia's shipbuilding; United Kingdom's garments; the United Arab Emirates' own industries; and from foreign vessels around the globe.
The county's largest labor group, meantime, urged yesterday displaced Overseas Filipino Workers to focus their efforts on putting up small businesses.
by Jose Rodel Clapano, Manila Bulletin
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