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Same problem, different actions: Cebu Pacific execs take paycut to avoid layoffs

Same problem, different actions: Cebu Pacific execs take paycut to avoid layoffs

Kristin Mariano

- March 10, 2020

Everyone in the travel industry is having a hard time due to the effects of coronavirus. The senior managers of Cebu Pacific have decided to take the hit for the company instead of laying off workers as travel bans continue to hurt the budget carrier.

Charo Logarta-Lagamon, a spokesperson for Cebu Pacific, confirmed that senior management officials have agreed to take pay cuts to avoid reducing its workforce.

“It’s the least that can be done given the challenging situation and it’s the right thing to do,” Lagamon said. The 10% pay cut that has been reportedly agreed upon by the Cebu Pacific senior management officials.

READ ALSO: Juan Effect: Cebu Pacific extends sustainable tourism campaign to Bohol

Cebu Pacific has over 4,000 personnel and the 2020 forecast is being affected by COVID-19 epidemic. Many travellers are cancelling or postponing their travel plans. Refunds alone due to cancelled flights to China, Hong Kong and Macau have already reached over P2 billion.

Last month, with a heavy heart, flag carrier Philippine Airlines announced that it will lay off 300 ground-based administrative and management employees as part of a business restricting initiative to increase revenues and reduce costs.

Labour groups are calling for measures to protect workers from the virus and possible job displacement.

“Let us be pro-active rather than just be reactive. Let us all keep our communities and workplaces safe for our lives and jobs,” said Luis Corral, vice president of the Trade Union Congress of the Philippines.

READ ALSO: One Flight To Fun! Cebu Pacific turns 24

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
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Same problem, different actions: Cebu Pacific execs take paycut to avoid layoffs

Kristin Mariano

- March 10, 2020

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats