Breaking News

As the economy dips, 400 Victory Liner employees were laid off as a result of the pandemic

0 0
Custom Text

The impact of COVID-19 took a great toll on the country’s economy and transport industry is one of them.

Victory Liner spokesperson Alex Briones says the bus company has lay off some 400 employees as a result of the pandemic.

The bus company had to trim down its number of employees including those under probation, drivers, conductors, and cashiers in ticketing booths.

Custom Text

More than 100 employees were asked to submit their forced retirement along with those who have their upcoming early retirements.

Come July, the bus company might also have let go of their 500 to 600 employees if financial crashes continue, said the company’s representative.

This is just the current situation that hounds Victory Liner and other businesses suffering from economic loss and could not bounce back to recovery. Economists say that it could take two years for the economy to recover from the coronavirus pandemic. And that’s not a good sign.

The general community quarantine was implemented in Metro Manila last june 1 in the hopes that it could help businesses and industries get back on their feet again and help solve the impending crashing of economy.

But there’s also the consequence of possible new wave of COVID-19 cases if safety measures are not enough to contain the coronavirus transmission from people going out in public places.

Victory Liner is making a big aacrifice and they’re not the only one. Big and small companies are suffering the same fate. Let’s just pray that this crisis may soon be over for us to pull this off together.

Admin - Metropoler

About Post Author

Admin - Metropoler

Metropoler is a social media-centric news website in the Philippines that covers the intersection of financial, business, media, tech, science, tourism, food, entertainment, art, politics, and culture launched on June 1, 2020.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Custom Text

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: