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Texas Instruments' workers in Baguio accept retrenchment package
MANILA, Philippines - Three hundred ninety-two workers of Texas Instruments in Baguio City have agreed to accept the companyâs retrenchment package that will take effect on January 16. By agreeing to the arrangement, these employeesâone of whom started working for the company since 1979âwill receive a month and a half worth of their salaries per year of service, payment for unused vacation and sick leaves, plus an additional amount based on TIâs employee benefit program. Termination is expected to take effect on January 16, 30 days after employees reportedly received the retrenchment notice dated December 17. No employee has been reported to have filed a complaint regarding the retrenchment âbecause an employee could get as much as P1 million," Ana Dione, Department of Labor and Employment regional director, said. The amount âis enough to start a small business," Dione said, adding that TI is among the few locators in Baguio Cityâs Economic Zone that gives higher salaries. Moreover, retrenched workers would be given priority in hiring âin the event that business shall become better," Lourdes Sanil, TIâs human resources director, said. Besides the layoff, 100 workers in Baguio will also be redeployed to the Clark ecozone. The company sees a sustained production cut as the global crisis deepens, cutting jobs and reducing demand for goods and services around the world. TI makes microchips which are used in cellphones and various other forms of electronic equipment. - GMANews.TV
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