US recession. Intel Cavite shutdown. Accenture’s layoffs of more than 500 employees. Ten rural banks closed in a week. And layoffs happening in a lot of call centers unreported.
What are these news telling us? For me, this kind of newsbreak is alarming. Some experts say we have economic turmoil, while others say these are the impact of global crisis happening right under our nose. These terms are big. I dont know what they really mean. But I sure feel their impact in the lives of most Juan dela Cruz.
OMH (ohmyhubby) is a call center agent. The other call center office just beside their’s has been laying off it’s employees since the last quarter of 2008. He feels unsecured with his job right now.
I am a regular employee of one of the biggest BPO companies in the Philippines. I used to earn on a piece rate basis during the period of 2001 to 2005. Then came 2006, the project I was part of was transferred to a province in Visayas. The management told us, they’re cost cutting; clients were demandind lower prices. Before we knew what was really going on, almost all of the Manila-based projects were transferred to either provinces (where labor cost is cheaper) or other third world countries (again cheaper labor cost than we have here in our country). The management offered us a fixed salary – ceiling rate. That was 2006, and up to this day, my salary then remained fixed.
OMB and I are starting to make modifications on our budget. This include cutting our expenses on certain things, thinking of new ways to earn extra money, and exercising frugality.
Times are hard. We need to be tougher, but we should always remember: God will provide.