In the light of the ‘enhanced community quarantine’ in effect in the entire Luzon, Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala anounced that they have allocated PhP 2.4 billion for their workers.
In a post on Facebook, JAZA said the money will be consisting of wages, bonuses, leave conversions and loan deferments primarily for the extended workforce of our partner employers so they may continue to be paid for the duration of the quarantine period.
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His partial post reads:
“The Ayala group as a whole, has decided to adopt a COVID-19 emergency response package of P2.4B consisting of wages, bonuses, leave conversions and loan deferments primarily for the extended workforce of our partner employers so they may continue to be paid for the duration of the quarantine period. These include P600M in salary continuance for displaced workers from construction sites, shuttered malls and retail spaces of Makati Development Corporation and the Ayala Malls group.
Globe Telecoms has earmarked P270M for its retail store support staff and vendor partners while all other Ayala companies will reserve another P130M in personnel-related financial support.”
(Photo source: Facebook – @Jaime Augusto Zobel de Ayala)
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