VLI, one of the biggest bus operators in Luzon with a fleet of about 1,200 units, will dismiss an initial batch of 100 regular employees and 309 probationary workers this month.
With the company’s finances already bleeding due to the lockdown measures imposed in mid-March, including a 50-percent limit on the passenger capacity of public utility vehicles, Briones said VLI would have to shell out P1 million to P1.5 million per bus to modernize its fleet and meet the requirements of the Land Transportation Franchising and Regulatory Board .
“This is the first time [in] over 75 years that VLI will cut down its labor force. Victory Liner survived World War II, martial law , Mt. Pinatubo, severe earthquakes and other natural disasters and kept its family of drivers and conductors together,” Briones said of the company, which began operations in 1945 shortly after the war, making it the oldest and the largest bus firm in Luzon.
He said the union understood VLI’s predicament and remained supportive of the management, which in turn continued to support employees throughout the pandemic.
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