MANILA, Philippines – Philippine Airlines terminated some 300 employees, as the company incurs losses primarily due to the travel bans caused by the novel coronavirus.
The airline said that it implemented a"voluntary separation initiative" for long-serving employees and a retrenchment process on Friday. Parent firm PAL Holdings earlier told the Philippine Stock Exchange that it registered a total comprehensive loss of over P3 billion in the 1st semester of 2019, a sharp 355% increase from the total loss of P661.6 million during the same period in 2018.
The novel coronavirus that originated from Wuhan, China, has so far killed over 2,800 and sickened over 83,700 people across the country and worldwide. The World Health Organization already declared an international emergency over the virus.
wala na ba ibang temporary way maliban sa force termination. hindi naman permanent itong coronavirus problem.
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