OFW deployments estimated to have fallen up to 75% in 2020 — POEA

OVERSEAS WORKER deployments fell by up to 75% in 2020 as job markets shut down due to the pandemic while movement to work sites was hindered by travel restrictions, according to preliminary estimates issued by the Philippine Overseas Employment Administration (POEA).

The agency’s administrator Bernard P. Olalia said at a briefing Thursday that the decline in worker deployments takes in the tally from both land-based and sea-based overseas Filipino workers (OFWs).

The newest official POEA statistics on worker deployments found on the agency’s website only run to 2016, during which the total OFW population was recorded at 2.55 million, including 1.7 million land-based workers.

Ayon sa data natin, nasa 70% to 75% ‘yung decline ng ating deployment kumpara sa historical data (According to our data, the decline in deployment is around 70% to 75% compared to historical data),” he said.

Mr. Olalia said the slump in deployments also affected recruitment agencies in the Philippines, foreign employers that depend on imported labor, and insurance companies that lost premium income from the inability to issue policies to deploying workers, as required by labor rules.

As the global economy gradually reopens, Mr. Olalia said he hopes 2021 will see improved deployments.

Sana unti-unti itong sumisigla (I hope we see a gradual return to health for the job market),” he said. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!