After Panasonic and FedEx packed their belongings leaving thousands of workers out of work, another big company bids goodbye. Giant cement business Holcim Philippines announced that they will be shutting down their operations in the country but will come back after six weeks.

However, some of their operations will be permanently closed and the permanent closure of the entire operations in the country will be under observation. Ian Thakwray, CEO of Holcim Philippines says that the fate of company to survive lies on how the economy goes in the coming days.

This means another suffer again to Filipinos. Their previous workers will now be added on the increasing and continuing list of unemployed residence of the Philippines.