MANILA—Victoria Court is retrenching workers, as the hotel and motel chain saw its operations disrupted by the COVID-19 crisis, the brand's chiefs said.
“We all have to go into survival mode. It is better for us to prepare for this now rather than ignore it,” King said in the video. Meanwhile, Angelina said the company, or at least her side of it, will be preparing retirement and retrenchment packages to help workers who will lose their jobs. ABS-CBN News sought out Angelina and Victoria Court for comment, but did not receive a response at the time this story was posted.
recession or depression? More and more employers to let go workers for business survival.
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