JUST IN: PAL implements business restructuring
Under the program, PAL implemented a voluntary separation initiative for long-serving employees and a retrenchment process completed on February 28, paring off about 300 ground-based administrative and management personnel from its workforce.
This February, PAL increased its authorized capital stock from P13 Billion up to P30 Billion, as part of its transformation to sustainable profitability and higher competitiveness. PAL continues to be focused on managing the risks related to the COVID-19 situation, in the interest of public health and safety.
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