MANILA, Philippines — The 740 employees of Duty Free Philippines Corp. who faced the prospect of becoming jobless at the start of the new year got a reprieve from the planned retrenchment,
The United Workers of Duty Free Philippines said Tourism Secretary Christina Frasco has agreed to stay plans for an organizational “rightsizing” that would cut down personnel from about 1,000 to only 345.
He noted that Frasco, who sits as ex officio chair of the board of Duty Free Philippines, told employees that management would not rush the reorganization and review the retrenchment plan.The retrenchment plan, which was announced on Nov. 7, followed heavy financial losses in the past two years and projections by Duty Free Philippines officials last July that it could expect a turnaround in its finances only by 2025 when global travel returns to prepandemic levels.
Its revenues fell to $35 million last year from $211 million in 2019, as travel restrictions in many countries due to COVID-19 led to a sharp decline in tourist arrivals. Matula, who serves as legal counsel for the union, said the plan was made without conducting a “significant or meaningful consultation or discussion” with the workers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DBM, DILG urged to update LGU RATA, per diem rates to boost local tourismAlbay Representative Joey Salceda on Saturday urged the Department of Budget and Management (DBM) and the Department of the Interior and Local Government (DILG) to update the rates of the daily travel allowance and the representation and transportation allowance (RATA) of local government officials to boost local tourism.
Read more »
3 private islands you can rent in the Philippines for P5,000 or less per nightWishing we were here for the holidays! ☀️🌴| via philstarlife
Read more »
Mayor Vico thanks on-duty frontline service workers this Christmas seasonPasig City Mayor Vico Sotto expressed his gratitude to the local government’s frontline service workers who are working tirelessly to keep the city secure, clean, and orderly during this Christmas season.
Read more »
Dr. Martens to permanently close stores in the PhilippinesDr. Martens is saying goodbye to the Philippines.
Read more »
Ambassador of Japan in the Philippines tries his hand at cooking tinolaThe Ambassador of Japan to the Philippines, Koshikawa Kazuhiko, tried out making some homemade tinola and the results did not disappoint!
Read more »
GIZGUIDE Gift Guide 2022: Top creator/work laptops in the Philippines
Read more »