Gov’t economic team rolls out P27.1 B package vs COVID-19 pandemic

Submitted by socpro on
measures summary

The Social Security System mobilized existing P1.2 billion to cover
unemployment benefits for displaced workers. This will cover unemployment
insurance benefits to projected 30,000 to 60,000 workers who will lose their
jobs as a result of the possible layoffs in, or closures of, private companies hit
by the economic fallout.

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