OFWs who lost their jobs in Saudi Arabia due to the oil price crash that crippled several construction companies in the Middle Eastern kingdom between 2015 and 2017 will receive P10,000 each in financial aid, according to the DMW. | INQjacobreports /PDI
Social Welfare Secretary Rex Gatchalian promised to have the funds transferred by next week and start the disbursement as soon as possible.From 2015 to 2017, more than 10,000 OFWs were repatriated from Saudi Arabia after the major construction companies that employed them filed for bankruptcy as the kingdom reeled from plunging oil prices. They left with months’ worth of salaries and years’ worth of benefits still unpaid.
The majority of the former Saudi OFWs were construction workers, professional painters and engineers, many with six-figure monthly salaries. Some 100 claimants have already died since the mass repatriation, the Inquirer learned. In November, the secretary announced that Saudi Arabian Crown Prince Mohammed bin Salman Al-Saud had made a promise to President Marcos that the Saudi government would be settling the workers’ claims in the sum of 2 billion riyals, or P30.5 billion.
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