More workers are expected to lose their jobs as global financial crisis continues hitting industrial firms at the Mactan Export Processing Zone (MEPZ).
Three more companies at MEPZ are planning to reduce manpower due to the slow recovery of the economy.
Lear Corporation which previously axed 850 workers is expected to cut more of its 2,000 remaining laborers. The company’s main office in US had previously filed for bankruptcy due to slow recovery.
Partido ng Mangagagawa (PM) chief Dennis Derige says that Lear Corp. had informed
He also added that the first and second batch of laid off workers had already received their separation pay of 15 days per year service. The company is now also in talk on how remaining employees would get their separation pays.
Meanwhile, workers of Paul Yu Philippines Corporation (PYPC), a Taiwanese owned lampshade-maker company, has been picketing outside its office for days after they were suspended for sympathizing their suspended union leaders.
The company has offered them a separation pay of 15 days per service but workers wanted them to give back their jobs or a separation fee of 22 days per year of service.
Lastly, Celestica Corporation will shut down operations next month leaving 900 workers jobless. The company says that they will focus on their plant in China and Thailand and since both countries’ labor costs are cheaper.
Aside from the three companies, other firms at MEPZ are still contemplating on future plans on how to survive global financial turmoil without retrenching workers.
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