Rappler
Ayala group allots P2.4 billion for coronavirus response
Ayala Corporation and MVP Group announced a P2.4 billion COVID-19 emergency response package for its workforce.
The package includes wages, bonuses, leave conversions, and loan deferments to ensure employees continue to be paid during the quarantine period.
From the P2.4 billion, P600 million will be allocated for salary continuance for displaced workers from construction sites, shuttered malls, and retail spaces managed by Ayala companies.
Ayala Corporation also waived rental fees for its malls, amounting to P1.4 billion, to provide financial relief to merchants.
Globe Telecoms has earmarked P270 million for its retail store support staff and vendor partners, while other Ayala companies will reserve P130 million for personnel-related financial support.
MVP Group will maintain salaries and benefits for its employees, with PLDT and Smart Communications employees receiving their 13th-month pay in advance.
MVP Group is also providing vitamins, face masks, PPEs, and alcohol to frontline health workers and employees.
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Labor groups and employees lauded certain companies for proactively disbursing salaries and 13th month pay to help workers cope with the enhanced community quarantine due to the COVID-19 crisis.
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Jollibee Foods Corporation (JFC) has allocated a P1 billion emergency response fund to support its employees and those of its partner-enterprises during the COVID-19 pandemic.
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The Department of Labor and Employment (DOLE) has expressed gratitude to several large companies for committing to provide their employees with full pay during the enhanced community quarantine period.
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President Duterte urged employers to advance the 13th-month pay or at least half of their employees' salaries to help them cope with the enhanced community quarantine in Luzon.
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The Department of Labor and Employment (DOLE) has allocated P1.3 billion to assist private sector workers affected by the Luzon-wide enhanced community quarantine.
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