MANILA: A local group of garment exporters warned on Tuesday (Feb 27) that a new wage hike would devastate their industry, with data pointing to over 120,000 jobs getting wiped out in a sector already on a downward spiral due to softening global demand.
Confederation of Wearable Exporters of the Philippines (Conwep) executive director Maritess Jocson-Agoncillo said that as much as two-thirds of the 182,600 currently employed by the industry could end up losing their jobs should a legislated salary increase push through.
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