2020 is turning out to be a difficult and exhausting year for big businesses.
Netizens are getting increasingly worried that an economic crisis is coming. This after Philippine Airlines announced it was letting go of 300 workers as part of a restructuring.
The retrenchment is aimed at cutting losses due to flight suspensions as a result of the coronavirus outbreak.
While some were hopeful, some feared other airlines and companies would follow suit.
I hope that they hire them again, when things get better. Please!,” one said.
Prior to this, three foreign firms — Wells Fargo, Nokia and Honda — had already announced plans to shut down Philippine operations, leaving thousands of Filipinos unemployed.
“Una, Wells Fargo, Honda, Nissan, HSBC. Now kasama na PAL sa nadamay,”