Private sector resets recovery target back by three months

PHILIPPINES: The Employers Confederation of the Philippines says it is now expecting to meet its goal of generating one million new jobs within the first quarter of 2022.

This target was actually originally set for December 2021 as part of the confederation's One Million Jobs for 2021 program in partnership with the government. It was delayed due to lockdowns and transport problems faced by workers who were coming in from the provinces to the National Capital Region, where most of the jobs are located.

Employers Confederation president Sergio Ortiz-Luis Jr said that the initiative so far had generated 610,000 jobs, with the bulk coming from the information technology-business process management sector.

Private organisations also intend to deploy workers in the following sectors: construction, manufacturing particularly in semiconductors and electronics, tourism and hospitality, as well as traditional export industries.

Other trade organizations that are part of the One Million Jobs initiative are the Philippine Chamber of Commerce and Industry, the Philippine Exporters Confederation Inc., Hotel and Restaurant Association of the Philippines, Philippine Constructors Association Inc., Philippine Hotel Owners Association Inc., and the Semiconductors and Electronics Industries in the Philippines Foundation Inc.

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