THE Aboitiz Group announced Wednesday, June 24, 2020, it is laying off some of its workers due to the coronavirus pandemic.
“The Aboitiz Group carried out a review of its operations in light of the present challenges brought about by the Covid-19 pandemic. Part of the review is the rationalization of its workforce, where, regrettably, several team members will be affected by their service ending on July 31, 2020,” the company said in a statement.
Affected workers will “receive a substantial separation package to support them through this transition.”
The group, however, said operations and maintenance of various Aboitiz facilities will remain normal as they are sufficiently manned and will not be affected by the workforce rationalization process.
“This was not an easy decision for the Aboitiz Group to make but one that had to be done as it has not been spared by the health and economic crisis,” the company said.
While it is still uncertain how long the pandemic will last, the company said it shares everybody’s hope that a vaccine will be developed soon.
“The Aboitiz Group is confident the Philippines can weather this crisis and the country will continue with its economic growth,” the firm said, adding that it remains committed to being an active player in the economy through its power, food, banking, infrastructure, land and construction business units. (KOC)