From Saudi Daily Record: Saudi hiring poses problems to Philippine labor market

Monday, 01 August 2011

Saudi Arabia’s shift to hiring more Filipinos could worsen unemployment in the Philippines. (File Photo)

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By STAFF

Saudi Arabia’s shift to hiring more Filipinos could worsen unemployment in the Philippines, posing a challenge to the ability of Manila’s business process outsourcing industry to absorb returning overseas Filipino workers.

Benjamin Diokno, former budget secretary during the Estrada administration, said the impact of Saudization is “definitely negative,” though the intensity remains uncertain.

According to Diokno, Saudization has two effects: first, some jobs will not be renewed; and second, Saudi Arabia will stop the flow of new workers from the Philippines.

For more on this please see: http://www.saudidailyrecord.net/story-z1834448