San Miguel Corporation has reportedly settled the labour-management conflicts regarding its diverse plastic and glass manufacturing plants. According to a statement released by Labor Secretary Rosalin…
San Miguel Corporation has reportedly settled the labour-management conflicts regarding its diverse plastic and glass manufacturing plants. According to a statement released by Labor Secretary Rosalinda Baldoz at the beginning of November 2010, the labour union of San Miguel Yamamura Packaging Corporation has withdrawn the notice of strike after successful mediation efforts. Under the supervision of the National Conciliation and Mediation Board, the parties agreed on an economic package of PHP 19.9 million employees. San Miguel Yamamura Packaging Corporation, the Philippines largest packaging company and the market leader for glass bottles, roll-on pilfer-proof caps, aluminium cans, plastic crates and pallets, and cartons, comprises several glass and plastics plants nationwide. The company services the beverage, food, pharmaceutical, personal, and household care and industrial application sectors in the domestic and international markets. It has business alliances with various foreign companies in the Philippines, Japan, and China. The agreed salary increase, ranging from PHP 1,000-1,250 per month over the next three years, in addition to the PHP 65,000 lump sum for each covered employee. The agreement also includes retirement benefits and provisions for emergency leaves, with effect from 1 July 2010 to 30 June 2012.