- ABS-CBN recently announced that it would cease the operations of some of its businesses
- This then forced the network to lay off workers effective on August 31, 2020
- The giant network furthermore said that it was the "only way to ensure the continued employment" of the rest of its workers
- The company also assured that it would pay out separation and retirement benefits and provide programs that would help them find another job
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ABS-CBN has officially issued a statement announcing that it would cease the operations of some of its businesses and lay off workers effective on August 31, 2020.
In the statement publicized on Wednesday, July 15, five days after the Congress denied the media giant’s franchise bid, the network said that they are forced to do so for it was the "only way to ensure the continued employment" of the rest of its workers.
The company likewise assured that it would pay out separation and retirement benefits. It also vowed to provide programs that would help the displaced employees find new jobs.
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Read ABS-CBN’s statement below:
"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."
ABS-CBN is one of the leading broadcast networks in the Philippines. Its 25-year franchise expired on May 4 and the Committee on Legislative Franchises of the House of Representatives rejected on July 10 its bid to secure another franchise.
Several personalities from its major rival, GMA 7, including prominent Kapuso talents and journalists then expressed sympathy to celebrities and employees from the Kapamilya network.
GMA's late-night news program "Saksi" also showed solidarity with ABS-CBN by displaying the Kapamilya network's transmitter tower and logo in its extro.
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