3 VPs Leave as PLDT Starts Manpower Reduction Plan
Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) has started cutting senior positions in its organization, part of an ongoing manpower reduction scheme as the company disclosed weaker 2014 results while underscoring continued challenges this year amid intensifying competition.
The country’s biggest telecommunications provider said three vice presidents were resigning effective 1 May 2015. It described their departure as a “separation from service.”
Source: Philippine Daily Inquirer