More than 200 workers could lose their jobs after the Platinum Group Metals Corporation (PGMC) announced the impending closure of two of its plants in Iligan City in Lanao del Norte and Manticao town in Misamis Oriental.
Remegio Cabañog, Department of Labor and Employment (DOLE) Iligan Provincial Office head, said PGMC has already submitted a termination of employment report to their office.
PGMC attributed the closure to insufficient capital, lack of competitiveness in terms of product pricing and significantly high production expenses.
In a report, 138 workers from PGMC Assumption in Iligan City and 129 from Manticao in Misamis Oriental are at risk of being displaced. Reports added that the management will conduct a dialogue with their workers before the closure.
PGMC’s Iligan plant was formerly the Maria Cristina Chemicals Inc. (MCCI) calcium carbide plant. PGMC acquired the MCCI plant from the Guevarra Family in December 2006 and converted it into a ferro-nickel smelting plant.
PGMC’s Manticao plant, on the other hand, has been converted from a ferro-chrome plant to a ferro-nickel smelting plant.
Last year, the Department of Environment and Natural Resources (DENR) conducted an investigation when residents allegedly developed skin diseases from the manufacturing industry.
However, the management volunteered to shutdown the steel plant to comply with the implemented environmental requirement like building pollution control devices. Ronnie Enderes, ABS-CBN Regional Network News Bureau, Iligan City