SUMMARY
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The Philippine Long Distance Telephone Company, the second most valuable listed company in the country, targets to lay off around 450 employees this year to cut operational costs and align the skill set of its workforce. Its spokesman Ramon Isberto said “employees were given the option to avail [themselves of] ‘sweetened offers.’” In 2012, PLDT laid off more than 1,000 employees to address job redundancy after it acquired Digitel Telecommunications Philippines, which goes by the brand Sun Cellular.
Read the full story on Rappler Business.
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