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PHILIPPINE TRADE UNION WARNS OF LAYOFFS DUE TO BANK MERGERS.

Publication: AsiaPulse News
Publication Date: 04-JUL-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MANILA, July 4 Asia Pulse - The Trade Union Congress of the Philippines (TUCP) has cautioned against massive labour retrenchments in the banking industry as a result of heightened merger and acquisition (M&A) activity.

"We are appealing to the banks concerned to go slow in laying off workers. As much as possible, extra care must be exercised to ease, if not totally avoid temporary or...

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