Tuesday, March 3, 2009

Losing Jobs Means No Money Sent Home

"Downturn hits Philippine remittances"
by Jill McGivering

In the Philippines, about eight million people - one in 10 adults - work abroad.

Millions of families depend on the money they send back.

But now a crisis is looming - as the economic downturn means thousands are losing their jobs overseas and being sent home.

...now a growing number - already in the thousands - are being forced home because they have lost their jobs.

"Many factories are closing and the first ones sent back are the Filipinos," said Brother Luis Andres Maya.

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Complete article: http://news.bbc.co.uk/2/hi/asia-pacific/7911698.stm

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