LRT to lay off 100 workers
MANILA, Philippines — Light Rail Manila Corp. (LRMC), the private operator and maintenance provider of the Light Rail Transit Line 1 (LRT-1), said yesterday it will lay off at least 100 employees or close to 20 percent of its workforce.
“It is with great regret that LRMC confirms a reduction of its workforce due to a significant 90 percent drop in ridership brought about by the COVID-19 pandemic,” it said in a statement yesterday.
LRMC said the decision went through multiple levels of approvals involving its senior management committee, in close consultation with its employee union.
The right-sizing program will take effect on Sept. 15.
LRMC, a consortium of Metro Pacific Light Rail Corp., AC Infrastructure Holdings Corp. and Macquarie Infrastructure Holdings (Philippines) PTE Ltd., said employees will receive benefits due them under the law and “even above what is in the existing collective bargaining agreement.”
The firm said it also partnered with Xcelerator Talent Solutions to “assist affected members on livelihood and investing wisely. Webinars and online consultations on managing mental health will also be offered.”
LRMC was awarded the public-private partnership project to operate, maintain, and extend the LRT-1 in 2014.— Ralph Edwin Villanueva
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