October 6, 2020
Philippine Airlines (PAL) announced Monday night it is implementing a new round of manpower reduction as travel restrictions due to the global COVID-19 pandemic severely affected its operations.
The Lucio Tan-led airline said it begun to call on employees to apply for voluntary separation, the first stage of an initiative that may affect up to 35 percent of more than 7,000 personnel or 2,700 workers.
“The retrenchment is part of a larger restructuring and recovery plan as the flag carrier rebuilds its domestic and international network amid the global pandemic,” PAL said.
PAL said the retrenchment program will combine voluntary and involuntary measures, to be carried out within the fourth quarter of 2020.
Last February, PAL laid off about 300 employees due to continued losses, which was aggravated by the ongoing travel restrictions and flight suspensions to areas affected by COVID-19.
Since March 2020, PAL has suspended capital expenditures, adopted a skeletal work force, reduced management salaries and slashed non-essential expenses to control costs.
PAL added that its shareholders have infused capital and provided funding to sustain the airline's liquidity.
“At the height of the pandemic, PAL chose to implement temporary furloughs and flexible working arrangements to maintain jobs as long as possible,” PAL said.
“ However, the collapse in travel demand and persistent travel restrictions on most global and domestic routes have made retrenchment inevitable, with PAL currently operating less than 15 percent of its normal number of daily flights after eight months of lockdowns,” it added. DMS
- STV JAPAN EVENING NEWS | NOVEMBER 24, 2020
- KWENTONG KABABAYAN EP8: Ann Constantino Beck, JCI Philippine-New York President
- STV JAPAN EVENING NEWS | NOVEMBER 23, 2020
- STV JAPAN EVENING NEWS | NOVEMBER 21, 2020
- KWENTONG KABABAYAN EP7: Karanasan ng Isang Pinay sa Trabaho at Kultura sa Hong Kong
- STV JAPAN EVENING NEWS | NOVEMBER 20, 2020
- STV JAPAN EVENING NEWS | NOVEMBER 19, 2020