MANILA -- Disgruntled employees of Philippine Airlines (PAL) said it will hold protests against the impending layoff of 2,600 workers at the carrier’s annual stockholders meeting on Thursday.
The meeting is set at 9:30 a.m. at the Lucio Tan-owned Century Park Hotel in Manila as the group urged the airline management to stop the implementation of the outsourcing plan and to start the collective bargaining negotiations.Workers union, Philippine Airlines Employees Association (Palea), had earlier declared that it will act accordingly should the management prematurely implement the mass lay off, which was twice upheld by the Office of the President this year.
Last year, PAL reelected Tan as chairman and chief executive officer and Jaime Bautista as president and chief operating officer.
The airline reported a lower net loss of $10.6 million for the first quarter (April to June) of its current fiscal year, compared to its $31.6 million net loss in same period in 2010. (Sunnex)
By Virgil B. Lopez
http://www.sunstar.com.ph
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