Who Will

The effect of the global economic crisis is now being felt even in the Philippines.  It has been aired lately that the Intel company based in the Philippines is now arranging their workers separation pays for the company will be closing.  Thought the closing date is not yet disclosed, the around 2000 rank and file employees started to look for other alternative source of income.

The Intel Corporation arrived and invested in the Philippines some time ago due to possible reason: a) the Philippines labor force is abundant and Filipino workers produce quality products, b) the cost of production is low compared to other countries, c) the Philippines Government offers a good terms and conditions to investor.

The Philippines  is one of the countries in the South East Asia which unemployment is huge, and the ease the growing unemployment rate, the Philippines government is marketing country to interested investors.  The 2000 rank and file will be another huge burden to be added on the list of unemployed Filipinos.  Hopefully the Philippine Government could look for some adjustments to stop the closing or to create a suitable programs to support the rank and file employees when the closing is implemented.

It is hard to imagine that a company manufacturing a worldwide product which is being patronized all over the world will shut down.  Computer as being one of the first products being utilized by companies, schools, shopping malls, groceries and even at home could fall.  This is one truly remarkable effect of the this economic down fall.

Hopefully, US President Obama and his cabinet could formulate a reliable solutions to lessen this chaos if not totally end up this global crisis.  Everybody in the business community knew how hard this problem is and it will not only take for a year to solve the problem.