Victory Liner lays off 400 workers amid pandemic

Victory Liner, a major provincial bus company in Luzon, has laid off 400 workers due to financial losses from halted operations during the coronavirus quarantine.

The layoffs affected 300 drivers and conductors on probation and administration staff with at least 20 years of service who were given early retirement benefits.

Victory Liner may lay off even more employees in the coming months as it anticipates continued losses under new public transport regulations amid the pandemic.

For the first time in its 75-year history, Victory Liner is laying off hundreds of workers to stay afloat. The company plans to dismiss an additional 500 to 600 people, mostly conductors and mechanics, as soon as government modernization orders are finalized.