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Cebu Pacific Senior Management Opts for Pay Cuts, Instead of Job Cuts, to Offset Effects of COVID-19

The salaries of senior management will be cut by 10 percent.
IMAGE WIKIMEDIA COMMONS
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Cebu Pacific senior management officials have voted to take a pay cut of 10 percent to avoid laying off personnel amid the economic impact of COVID-19.

The local airline has not released an official announcement or public statement regarding the matter, but the information was leaked by company employees. 

When asked, a senior airline official confirmed the information, saying simply, “it’s just the right thing to do.” 

The pay cut will last until further notice. The airline official refrained from making other comments.

There is no confirmation as to how many jobs this pay cut has potentially saved. The airline has taken measures to mitigate the virus’ economic effects on the airline, such as freeze hiring and encouraging leaves.

Other airlines have taken similar action, such as Singapore Airlines, which will be cutting the pay of its senior management, including its CEO, by 15 percent.

Esquire Philippines is published by Summit Media, a company owned and managed by the Gokongwei family, who also controls JG Summit Holdings.

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Anri Ichimura
Staff Writer, Esquire Philippines
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