Philippine Airlines (PAL) said it will start releasing the P2.6-billion separation package on Friday for its workers from three non-core units whose functions were outsourced to third-party service providers last October 1.
In a statement, PAL said the first batch to receive the package are employees who did not join the September 27 wildcat strike and are now working for PAL's service providers.
To follow are those who declined the job offer but did not participate in the work stoppage – they will receive their checks starting October 15.
"Per instructions of PAL management, we will give priority to employees who heeded PAL's appeal for a smooth and orderly implementation of the spin-off/outsourcing program," Cielo Villaluna, PAL spokesperson said.
"Management is grateful for their dedication and loyalty and for honoring calls for cooperation during the transition period," she said.
Of the more than 2,300 recipients of the retirement package, more than 600 transferred to the service providers while nearly 1,700 workers chose not to join PAL's third party contractors.
Majority of the workers shall receive an average of close to P800,000 in separation pay, which includes 125 percent of their monthly salary for every year of service, P100,000 gratuity pay and 100 percent converted-to-cash accrued vacation and sick leaves.
Per PAL Huma Resource Department records, more than 28 percent will receive P1 million and above; 37 percent will get between P750,000 and P1 million; and 22 percent below P500,000.
The highest package reached P2.4 million, while those who only served PAL for a minimum of one year will receive about P120,000. The cash component of the benefits will be tax-free.
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