250,000 Filipinos to lose jobs in next 6 months

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About 250,000 Filipino workers may lose their jobs in the next six months...

Philippine labor officials said more than 30,000 workers were laid-off since last December and the figure could double by the end of January 2009.

If the trend continues, the figure could reach 250,000 displacements in six months.

Most displaced workers came from small- and medium-enterprises and companies in Southern Tagalog and Central Visayas, particularly in the central city of Cebu.

Link: Xinhuanet.com