• The Financial District


The Department of Labor and Employment (DOLE) predicts the loss of over one million OFWS jobs by next year with over 500,000 jobs at risk this year due to the effect of the COVID-19 pandemic.

This grim scenario was aired during a virtual hearing with the Committee on Overseas Workers Affairs with POEA Administrator Atty. Bernard Olalia citing that only 47 new hires land-based workers and 362 seafarers were deployed so far this year aside from 1,000 “Balik-Mangagawa” medical personnel.

The deployment of Filipino workers abroad, both new hires and rehires, has decreased by over 99% amid the COVID-19 pandemic according to the Philippine Overseas Employment Administration (POEA)

Deployment of Filipino workers abroad has gone down to 476,289 in 2019—a 34.9% decrease from 2018 731,551..

And the prospects of lower oil prices and the economic recession even in the more successful Gulf countries means less foreign workers in the future.

In contrast to past oil price downwards cycles, the coronavirus-induced economic crisis will have a lasting effect on the Gulf economies.  The oil price depression will be lower for longer.

This grim prediction by the DOLE will have a devastating effect on  over 1,200 land and sea-based licensed recruitment and manning agencies with over Fifty percent (50) of the existing agencies not expected to survive the next few months according to recruitment consultant and migration expert Emmanuel Geslani as deployment so far as gone down by 99.8%f or 2020.

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@2020 by The Financial District