Manila Standard
November 7, 1996
The Philippine Airlines (PAL) management has presented to the leaders of the 8,500-strong workers PAL Employees' Association (Palea) its proposal to the P3.2-billion collective bargaining agreement (CBA) package demanded by Palea.
But instead of the P5,000 individual economic package sought by Palea, the management is offering a two year P2,100 worth of stocks plus monthly pay increases for the three remaining years.
The management's offer was among the items agreed upon by both parties when the three-day strike was lifted Nov 2.
The management would provide employees some 200 shares of PAL stocks valued at P5 each during a two-year period.
But since Palea's last CBA already expired Sept. 30, 1995, the package, if accepted by the union, will be retroactive to last year.
Ground employees, it was gathered, will start receiving a P100 monthly increase in the base pay this year, P200 for next year, P300 for the third year and P400 for 1999.
Under the proposal, there will be no wage increase until year 2000 due to the current losses and allow the management to come up with enough funding for their P4-billion inflecting program. (Angie M. Rosales)
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