San Miguel Corporation (SMC) has committed to grant full-time pay to all its employees and extended workforce as the ECQ remains in effect, even as it works round the clock mobilizing resources to help address the larger societal and economic impact of the COVID-19 crisis.
The company has also announced that it has set aside PHP 11.67 billion in tax, concession, and contractual payments throughout the quarantine, to make available funds needed to respond effectively to the challenges of the pandemic.
Of the amount, SMC has already paid government PHP 8.77 billion, while the remaining balance will be remitted before the end of the ECQ.
Meanwhile, it has released full compensation with benefits amounting to over PHP 3 billion for all its 66,557 employees, consultants, and contract workers.
“These are trying times and while we, as a company, are not immune to the challenges of this crisis, the safety and security of our workforce will always come first. We do not want them worrying about their jobs,” SMC president and COO Ramon S. Ang said.
To all SMC employees, Ang said: “I am truly proud of the hard work that you, most especially our front liners, have been doing in the midst of the challenges: delivering essential goods and services that are critical in this battle. Please continue to adopt our malasakit mindset and focus on what we, as individuals, can do to make a difference, because many are counting on us.”
“We are also aware that we have a huge role to play across industries and we are lucky to be more equipped than the rest to navigate this crisis. That said, we remain steadfast in our commitment to assist the government and continue providing assistance where it’s most needed.”
To date, SMC and the businesses under it, have provided assistance of over P1 billion in the form of cash, food, flour, disinfectant alcohol, fuel, free toll, and personal protective equipment (PPE) donations to vulnerable communities and front liners.
It has also built emergency quarantine facilities together with the Armed Forces of the Philippines (AFP) to help ease the pressure on health facilities flooded by patients needing intensive medical treatment resulting from the pandemic.
Ella Fajardo commits to D1 school Fairleigh Dickinson
KarlTzy clutch as BREN Esports hailed as MLBB SEA champions
Why Kevin Alas and Jericho Cruz decided to forego their final years in college
Alfred Aroga’s iconic block on Kiefer was culmination of many things
6-foot-8 Phillips bros to play for La Salle
BCAP condemns Baldwin’s ‘suggestions’ for PH basketball: ‘We are being underestimated’
Tab Baldwin declines offers from Ateneans to pay fine as money should go to COVID-19 drives
‘Super Friends’ blasts Tab Baldwin’s comments on PH basketball
Chooks-to-Go donates 5,000 pcs of dressed chicken to CESAFI
Barangay Ginebra reunite in SMC HQ, pack PPEs for frontliners
Makati survives Ablaza injury, San Juan to force MPBL North Game Three
Robles, Custodio take over Basilan, lift Davao Occi to MPBL South do-or-die
- ESports1 day ago
At 15, Kielvj stopped school for ML — and has mom’s full support
- Bandwagon Wire4 days ago
Stats Don’t Lie: The state of Philippine three-point shooting
- ESports2 days ago
Renzio’s gamble to be full-time ML player pays off
- Football5 days ago
Hartmann marvels at football prodigy Lance Ocampo