BIZ-MEDIA: MANIL- ABS-CBN announces job cuts starting August 31
MANILA, Philippines – A week after the House Committee on Legislative Franchises denied its bid for a new franchise, media network ABS-CBN Corp. announced on Wednesday (July 15) that it will lay off workers starting August 31.
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In its official statement, the embattled Kapamilya network said it is forced to cease the operations of some of its businesses as a result of losing its franchise; thus, the retrenchment of workers.
“As much as it hurts us to implement this retrenchment program, this is the only way to ensure the continued employment of the rest of our Kapamilya,” the network said.
ABS-CBN Corp. assured it is doing its best to provide the affected employees with the proper separation and retirement benefits, as well as job placements.
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READ: DOLE ‘ready to extend’ assistance to ABS-CBN workers affected by shutdown
The post ABS-CBN announces job cuts starting August 31 appeared first on UNTV News.
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7.16.2020
