Sofitel Philippine Plaza workers will get nearly P300 million in separation benefits–hotel owner

PHILIPPINE Plaza Holdings Inc. , which owns Sofitel Philippine Plaza, has allocated some P230 million to P287 million for separation benefits of its 500 employees. The hotel, completed in 1976 in time for Manila’s hosting of the International Monetary Fund-World Bank meetings, will be closed at the end of business hours on June 30, 2024.

With the current workers’ shortage in the hospitality industry, Peña Sy said the company is hopeful that their separated workers “will find jobs easily. We’re also asking Accor, because we have very good employees, maybe if they need workers in their other hotels abroad, to hire our separated employees.” International hospitality chain Accor has been managing the hotel since 2006, with its management contract renewed every five years.

He described the closure as “sayang ,” considering business has been doing well, with 80 percent of the 600 rooms occupied. But safety auditors contracted by PPHI confirmed that the “buildings are too old, defects are existing.” The state-owned Occupational Safety and Health Center, he added, had also said that “preventive and precautionary measures need to be adopted, as we cannot afford accidents.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sofitel Philippine Plaza Manila to close down after almost five decadesDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Sofitel Philippine Plaza Manila to cease ops in July 2024Five-star-hotel by Manila Bay, Sofitel Philippine Plaza Manila, is closing its doors to the public starting July.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Sofitel Philippine Plaza Manila to close its doors this JulyThe luxury hotel in Pasay City is about to undergo renovations 
Source: manilabulletin - 🏆 25. / 51 Read more »

Philippine Drug Enforcement Agency and Philippine Coast Guard Sign Agreement to Intercept Contrabands and Illegal DrugsThe Philippine Drug Enforcement Agency (PDEA) and the Philippine Coast Guard (PCG) have signed a memorandum of agreement (MOA) to collaborate in intercepting contrabands and illegal drugs entering the country by sea shipments. The agreement also aims to prevent the smuggling of controlled precursors and essential chemicals (CPECs) into Philippine territory. Regular meetings will be held to discuss operational matters and exchange knowledge on drug smuggling.
Source: MlaStandard - 🏆 20. / 55 Read more »

Dry spell losses exceed P300 million in Cotabato provinceThe worst-hit areas in Cotabato are the towns of Arakan, Alamada, Aleosan, Magpet, Pigcawayan, and Kidapawan City
Source: rapplerdotcom - 🏆 4. / 86 Read more »

CCG blocks, tails PH survey ship headed for Bajo de MasinlocThe CCG blocked and tailed a Philippine research vessel and a Philippine Coast Guard ship early Sunday morning as the Philippine vessels were sailing for the Bajo de Masinloc.
Source: gmanews - 🏆 11. / 68 Read more »