Research think tank IBON Foundation reveals a sharp decline of over 500,000 manufacturing jobs in the Philippines from April 2024 to April 2025, including significant losses in semiconductor and electronics (-76,000 jobs). Despite minor increases in total employment, the data mask a rise in part-time work (+944,000) and underemployment. Informal employment also grew (+196,000), while full-time positions dropped. IBON critiques the government’s focus on job skills and foreign investment, noting these strategies fail to address structural decline in manufacturing. The nonprofit institution urges a comprehensive industrialization plan to build domestic capacity, create quality jobs, and counter neoliberal policies.
According to IBON, manufacturing’s retreat has its roots in global pressure and domestic policy. Job losses in semiconductors and electronics align with U.S. protectionism and the Philippines’ role at the low end of supply chains. IBON highlights that measures focused on foreign investment and training have not halted this decline.
Rather than relying on failing strategies, IBON advocates for a strategic, state-led industrialization agenda. Key priorities include nurturing high-tech manufacturing, supporting domestic firms, and building robust agriculture and industry sectors. This approach aims to generate sustainable, quality employment rather than settling for precarious part-time or informal work.
Read the original article published by IBON Foundation.
