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ABS-CBN employees support each other as retrenchment procedures begin

Many were dismayed with Congress’ decision to shut down the Kapamilya network.

In a virtual townhall meeting last July 15, ABS-CBN executives informed their employees that the company will be shutting down some of its businesses and laying off some of the staff by August 31, 2020.

Various groups will be talking to their teams about their fates.

ABS-CBN is losing around ₱30 to ₱35 million a day just by being off the air.

“We continue to lose a substantial amount of money every month and I’m afraid that if we cannot get back on air soon, by August, we may already have to consider beginning a retrenchment process,” ABS-CBN President and CEO Carlo Katigbak said during a hearing before the Senate.

The Committee on Legislative Franchises denied ABS-CBN’S application for a congressional franchise on July 10.

Many were dismayed with Congress’ decision to shut down the Kapamilya network.

https://twitter.com/markraywin/status/1283733552966721542

Regine Velasquez tweeted July 14 that she’s also worried about what the future holds.

“Habang tumatagal aaminin ko napanghihinaan na ako ng loob. Hindi ko alam kung may trabaho pa kaming lahat.

“Ang nakakalungkot parang ikinatuwa pa ng mga taong dapat ay nagtatangol sa ating karapatan.


“Bakit ganito??? Sana panaginip lang lahat ng ito.”

Written by paulie walnuts

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