MANILA, Philippines — The outbreak of the coronavirus disease (COVID-19) has already cost the jobs of more than 112,000 workers, nearly half of whom were laid off in June alone.
Based on the latest job displacement report of the Department of Labor and Employment (DOLE), 112,414 workers were recorded to have been displaced either due to retrenchment or company closures.
While the economy slowly reopened in June, 2,602 establishments reported last month to Dole that they had to let go of their combined 50,589 workers.
Of the 4,354 companies that suffered from the economic impact of COVID-19, 3,946 companies laid off their combined 103,020 workers, while 408 businesses were forced to close shop, affecting 9,394 employees.
Metro Manila accounted for the most number of displaced workers at 48,801, followed by Calabarzon (25,960) and Central Luzon (12,651).
Most hit industries were in the administrative and support service sector, where 30,831 workers were displaced, and the other service-oriented sectors (16,133) and manufacturing (14,519).