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Employment News

1,662 Employees To Lose Jobs As Triumph International Shuts Down

Date Posted: Jul 1, 2009

Triumph International, a multinational lingerie company, announced that they will close down operations in the country to leave its 1,662 employees jobless.


The announcement was held last June 27 during a company meeting together with its labor unions, employee representatives and Department of Labor and Employment (DOLE) officials.


“As part of this program, the firm’s Triumph International () Inc. and Star Performance Inc. factories in Taguig City will close. 1,605 employees at the two factories and 57 employees at the company’s head office in Makati City will lose their jobs as a result of this change effective 28th of August,” Triumph’s statement read


Triumph International feels sorry for the loss of jobs which is part of the global restructuring program of the company.


Bagong Pagkakaisa ng mga Manggagawa sa Triumph International president Isabelita dela Cruz said that the company’s closure is unjust and illegal because it violates the Philippine laws and the collective bargaining agreement between the workers’ union and Triumph International.


The workers earlier protested that Triumph was trying to find a way to get rid of them, first by re-exporting raw materials for underwear from the to other countries, thus depleting the materials at the local plants. Less raw materials means less production, which in turn means less working hours and possibly lesser number of workers, the union said.


“Superprofit and cost-cutting are the reasons why Triumph International declared closure in the and massive layoff of Triumph workers around the globe,” Dela Cruz said.


Meanwhile, the lingerie company promised that they will give financial assistance to the laid-off employees with the help of the DOLE.


Triumph says that they will fulfill its obligation to their employees and will give full wage payment for the period leading up to 28th of August.



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