Aboitiz Group releases end-March salary, bonuses of employees | Inquirer News
to help employees cope with coronavirus crisis

Aboitiz Group releases end-March salary, bonuses of employees

/ 03:59 PM March 20, 2020

MANILA, Philippines — The Aboitiz Group has set aside P900 million to cover the early release of the end-March salary and the 13th or 14th month pay of its over 11,000 team members to help them cope with the health crisis brought about by the coronavirus disease (COVID-19) pandemic.

In a statement on Friday, the group said it would also cover COVID-19-related medical expenses of any affected team members across its strategic business units in power, banking and financial services, food, infrastructure, and land.


Aboitiz Group president and chief executive officer Sabin M. Aboitiz noted that there is a lot of anxiety as “during these trying times, we understand financial security is critical for all.”

“The COVID-19 pandemic remains at large, and we wish that you and your loved ones are safe and healthy in your homes,” Aboitiz said in a message sent to the group’s team members, adding that work-from-home schemes in Luzon and Visayas have already been implemented.


“The company also implemented reduced work hours (in keeping with local curfews where applicable) and provided adequate accommodation, food, and transportation for the skeletal workforce, particularly for its banking and financial services units UnionBank and CitySavings, who handle critical functions and have to report to work,” the group said.

Meanwhile, Aboitiz Construction’s project sites which are still on normal operations “observe strict precautionary measures.”

Its workers, the company said, receive project allowance on top of full eight-hour pay but with no overnight pay.

“Projects that have stopped operations but still have workers on site who are unable to travel out, will either be hired into another project in close proximity, within the defined community lockdown, or provided accommodation (site barracks or temporary staff housing) and food, in accordance with local quarantine measures,”  the company said.

The group also launched a microsite where advisories, guidelines, forms, and frequently-asked questions on COVID-19 can be accessed by team members.

Earlier, Labor Secretary Silvestre Bello III lauded several big conglomerates, including the Aboitiz Group of Companies, which agreed to give their employees and workers their full salaries and advanced payment of their 13th/14th month pay amid the enhanced community quarantine in Luzon.


For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Aboitiz, coronavirus disease, COVID-19, COVID-19 update, Labor, Nation, News, salary, team members
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.