MANILA (UPDATED) - Philippine Airlines (PAL) said Wednesday that it has undertaken business restructuring of its domestic stations and will start laying off employees.
Around 117 employees in several domestic stations will be laid off, PAL said.
"The objective of this restructuring is to focus on our core business in order to remain competitive and provide more efficient air services for the benefit of the riding public," the airline company said in a statement.
"PAL will disengage from non-core services such as our ground handling activities in domestic stations which can be turned over to qualified third party service providers," it added.
According to PAL, the layoffs will take effect November 9.
Affected employees will receive a separation package of 125% of monthly basic salary per year of service and a gratuity pay of P100,000, PAL said.
The flag carrier assured the public that its restructuring will not affect its operations.