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READ: ABS-CBN statement on layoff of workers

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/news/07/15/20200710-abs-cbn-franchise-caravan-gcs-5262.jpg?ext=.jpg"/><figcaption>ABS-CBN employees and supporters light candles during the solidarity event at Sgt. Esguerra in Quezon City, after the Committee on Legislative Franchise denied the network&#x27;s franchise application on July 10, 2020. Gigie Cruz, ABS-CBN News</figcaption></figure></div>With the non-renewal of its congressional franchise, ABS-CBN is now forced to cease the operations of some of its businesses and implement a retrenchment program covering ABS-CBN and its subsidiaries effective end of business day on 31 August 2020.We are doing all we can to mitigate the pain that will be felt by those affected, including paying out separation and retirement benefits and providing job placement programs. The loss of their jobs comes at a time when the uncertain and perilous impact of the COVID-19 pandemic further makes our decision truly difficult, but inevitable. As much as it hurts us to implement this retrenchment program, this is the only way to ensure the continued employment of the rest of our Kapamilya. For those who are affected, we pray for you and your families, that you may have the strength and guidance to deal with the challenges ahead. For all that you have done for ABS-CBN, maraming salamat po.------------<div>PAHAYAG NG ABS-CBN SA PAGBABAWAS NG MANGGAGAWA</div>Dahil sa desisyon ng Kongreso na hindi bigyan ng prangkisa ang ABS-CBN, humantong na ang network sa mahirap at masakit na desisyon na itigil ang operasyon ng ilang negosyo nito at simulan ang proseso ng pagbabawas ng empleyado simula 31 Agosto 2020. Ginagawa namin ang lahat para maibsan ang sakit na mararamdaman ng mga maapektuhan, kabilang ang pagbibigay sa kanila ng separation pay na naaayon sa batas at retirement benefits, at mga programang tutulong sa paghahanap nila ng bagong trabaho. Mahirap na pakawalan ang aming mga Kapamilya sa panahong walang kasiguruhan at puno ng pangamba dahil sa COVID-19, ngunit ito ay isang desisyong kailangan naming gawin. Bagama’t masakit, ito lamang ang paraan upang matiyak pa ang trabaho ng ibang mga Kapamilya. Ipinagdarasal namin ang mga mawawalan ng hanapbuhay at ang kanilang mga pamilya. Sana’y pagkalooban kayo ng lakas ng loob sa pagharap sa mga darating na pagsubok. Lubos kaming nagpapasalamat sa lahat ng inyong ginawa para sa ABS-CBN. Maraming salamat po, Kapamilya.(news.abs-cbn.com is the general news website of ABS-CBN Corp.)

With the non-renewal of its congressional franchise, ABS-CBN is now forced to cease the operations of some of its businesses and implement a retrenchment program covering ABS-CBN and its subsidiaries effective end of business day on 31 August 2020.

With the non-renewal of its congressional franchise, ABS-CBN is now forced to cease the operations of some of its businesses and implement a retrenchment program covering ABS-CBN and its subsidiaries effective end of business day on 31 August 2020.