Showing posts with label PLDT. Show all posts
Showing posts with label PLDT. Show all posts
Thursday, April 18, 2013
Digitel Workers Protesting PLDT's Voluntary Retirement Program
WE ARE ON A HUNGER STRIKE!! - Members of the Digitel Employees Union (DEU) is currently staging a protest against it's new parent company, Philippine Long Distance Co. (PLDT) regarding it's voluntary retirement program which DEU said is just a mere ploy so that the PLDT Management could avoid negotiating with them as an organized group.
“PLDT should absorb Digitel employees and start CBA (collective bargaining agreement) negotiations,” DEU told Inquirer.net
PLDT earlier cited “redundancy” as its main reason for the removal of Digitel workers, who were offered generous retirement programs well above what the government requires.
Saturday, July 14, 2012
GMA7-TV5 Merger: PLDT in Talks With Banks to Fund the Acquisition
PHILIPPINE LONG Distance Telephone Co. (PLDT) has begun approaching creditors to prepare for plans to acquire GMA Network, Inc. after already raising funds from an asset sale, a ranking official yesterday said.
“We are talking to our bankers,” PLDT Chairman Manuel V. Pangilinan told reporters in a chance interview.
“We are preparing [funding] in the event that the deal materializes,” Mr. Pangilinan added, referring to ongoing talks to buy into broadcaster GMA Network.
The bulk of the funding, however, will come from PLDT’s cash flow, Mr. Pangilinan said.
Already, PLDT has raised some P4 billion after divesting its 27% stake or 397 million shares in PhilWeb Corp. at P10.70 apiece.
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