BPI ‘rebalances’ workforce

MANILA, Philippines --- The Bank of the Philippine Islands (BPI), one of the largest banks in the country, has begun "rebalancing" its workforce to trim excess fat and brace for the challenges arising from the new coronavirus disease (COVID-19) pandemic. "With COVID-19 presenting health risks and accelerating business transformation, we offered a number of our older tenured employees a purely voluntary early retirement package that assured them of preferential retirement terms, to allow them a smooth transition into the next phase of their lives," said Cezar Consing, president of the Ayala Corp. subsidiary, in reply to the Inquirer's query. BPI had 21,429 direct employees, based on...Keep on reading: BPI ‘rebalances’ workforce

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