DOLE eyes P7k to P11k ‘wage subsidy’ for pandemic-affected workers
MANILA, Philippines — The Department of Labor and Employment (DOLE) is working on providing wage subsidy for workers whose jobs have been affected by the coronavirus disease (COVID-19) global pandemic.
Labor Assistant Secretary Dominique Tutay said the Department may cover from 25% to 75% of a company’s salary for workers on the condition that the company will not retrench its employees. In doing so, the agency will need around P62 billion to P88 billion budget.
“With the wage subsidy, we’re hoping that kahit papaano mabigyan ng ayuda ang ating mga establishments para makabalik na sa kanilang operation as the economy re-opens,” the official said.
“Then kung iyan ay mangyayari iyong mga trabahante nila ay magkakaroon na rin ng trabaho and at the same time income para meron silang panggastos,” she added.
The DOLE estimates that around five million workers from different sectors will benefit from the wage subsidy.
Tutay said they have submitted their request for the said additional fund as it is not included in the 2021 National budget.
“We based the budget on the average wage of the workers in different sectors kasi iba-ibang industry po ay iba-iba ang kanilang average wage — so it’s between P7,000 to P11,000 na subsidy and it will run for three months,” the official said. MNP (with reports from Rey Pelayo)