(C)Bilyonaryo
Last updated on May 6th, 2021 at 07:52 am
As part of a business restructuring plan, the flag carrier Philippine Airlines (PAL) has laid off 300 employees to handle losses suffered by travel restrictions on coronavirus-stricken destinations.
PAL announced on Friday that PAL has introduced a “voluntary separation program for long-serving workers and a retrenchment process” which was completed on 28 February.
The mass lay-off is part of the business restructuring program of PAL to increase revenue and lower costs.
PAL said it remains focused on managing the risks associated with the COVID-19 situation, in the interests of public health and security.
In performing its flag carrier duties, PAL has helped bring Filipinos home from affected areas through recent flights from Xiamen and Tokyo to repatriation.
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