MANILA, Philippines — Flag carrier Philippine Airlines (PAL) on Friday announced it will lay off 300 workers due to revenue losses in the wake of the imposed travel ban in countries hit by the COVID-19 outbreak. Only permanent residents of South Korea, Filipinos studying in South Korea and overseas Filipino workers returning for work are allowed to travel en route to South Korea. Financial bleedingPAL’s announcement came as the flag carrier attempts to slow years of financial bleeding. “Cutting 300 employees looks like a drop in the bucket compared to the losses they incurred,” he told the Inquirer. In fulfillment of its flag carrier duties, PAL has assisted in bringing home Filipinos from affected areas via recent repatriation flights from Xiamen and Tokyo,” the flag carrier said.

Source: Philippine Daily Inquirer February 28, 2020 10:57 UTC