DOLE to assure rights of terminated PAL workers to be respected

on

The Department of Labor and Employment (DOLE) will make sure that the rights of the more than 2,000 employees of Philippine Airlines (PAL) to be retrenched will not be violated.

In a statement on Thursday, the DOLE said its Metro Manila office will be the one to assist the affected workers.

“DOLE to handle the situation-1. To ensure the payment of separation pay; 2. To provide employment facilitation services; and 3. To offer livelihood assistance to interested employees,” it said.

It added that the company has to notify affected workers a month before the scheduled termination.

“PAL needs to notify DOLE and the employees 30 days prior to the effectivity of the termination,” it said.

DOLE and PAL officials had a meeting on Wednesday afternoon. No further details of the meeting were disclosed.

On Tuesday, PAL, Asia’s oldest commercial carrier, announced that it will be decreasing 30 percent of its workforce due to the effects of the coronavirus disease 2019 (Covid-19) pandemic.

Some 2,300 employees are either terminated or offered voluntary separation packages.

The employment of the affected employees will only be until the middle of March this year.

PAL is Asia’s oldest airline and was once owned by the government. It is now owned by Lucio Tan with Japan’s ANA Holdings as minority shareholder.

PAL Holdings Inc., the operator of PAL, said it recorded losses reaching P29.03 billion as of September last year, which is a 370-percent increase from the P7.86 billion losses recorded a year earlier.

The debt stock of PAL Holdings, based on data from wsj.com, is P18.53 billion in short-term debts while the current portion of its long-term debt stood at P29.71 billion at the end of 2019.

 


Discover more from Current PH

Subscribe to get the latest posts sent to your email.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

video

SONA 2026: Marcos, China, US Alliance and the Philippines’...

https://youtu.be/p3zyjwm2oHM SONA 2026: Marcos, China, US Alliance and the Philippines' Next Direction As President Ferdinand Marcos Jr. prepares to deliver his 2026 State of the Nation...
video

Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea...

https://youtu.be/1e0md4a2e0I Marcos 2028 Legacy: Economy, Corruption and West Philippine Sea Challenges As the Marcos administration moves closer to its final years in office, attention is turning...
video

SONA 2026: Marcos Faces Trust Drop, Flood Scandal and...

https://youtu.be/h49wdASICyU SONA 2026: Marcos Faces Trust Drop, Flood Scandal and Reform Pressure Today With President Ferdinand Marcos Jr.'s 2026 State of the Nation Address approaching, public...
video

SONA 2026 Raises Questions on Debt, Jobs, and Marcos’...

https://youtu.be/cEv77Q5dJNs SONA 2026 Raises Questions on Debt, Jobs, and Marcos' Remaining Two Years As President Ferdinand Marcos Jr. prepares for SONA 2026, the discussion shifts beyond...

Digital Diplomacy and Philippines-China Relations

Digital Diplomacy and Philippines-China Relations   Philippine Ambassador to China Jaime FlorCruz has recently taken to social media to promote the spirit of cooperation and friendship...

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current PH

Subscribe now to keep reading and get access to the full archive.

Continue reading