Around 300 workers of Philippine Airlines (PAL) are feared to lost its jobs as part of a business restructuring plan to manage losses due to the COVID-19 impact.
PAL announced Friday a “voluntary separation initiative for long-serving employees and a retrenchment process completed on February 28, resulting in the separation of about 300 ground-based administrative and management personnel.”
“Affected employees will receive appropriate separation benefits, additional trip pass privileges, and assistance in the form of career counseling and outplacement support,” PAL said.
PAL has reported P8 billion losses as of the first nine months in 2019. PAL also said, aside from voluntary separations, they expects revenue generation from an "optimized route network," more aggressive cost-management efforts and investment in digital technology.
PAL said it continues to be focused on managing the risks related to the COVID-19 situation, in the interest of public health and safety, as it helped the repatriation effort to the affected Filipinos abroad.
“The flag carrier will continue to take delivery of additional aircraft for regional flights, and is gearing up to launch new Cebu-Los Angeles nonstop flights and routes to Perth, Pagadian, Kota Kinabalu and Manado,” PAL added.
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