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ABS-CBN CEO Carlo Katigbak warns network might retrench workers soon

ABS-CBN President and CEO Carlo L. Katigbak announced that the company might start to retrench workers unless the network returns on air soon. Katigbak made the announcement during a Senate hearing about the ABS-CBN franchise.

Despite the shutdown, ABS-CBN has committed to pay its employees for three months.


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On Twitter, ABS-CBN reported the following:

“ABS-CBN President and CEO Carlo L. Katigbak, during a Senate hearing, said the company committed to continue to pay its employees for 3 months but warned that it may begin retrenchment process by August if its broadcast operations fail to go back on air soon. #ABSCBNfranchise”

(Photo source: Instagram – @abscbnfilmrestoration)

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