SM Group to pay all employes their salaries

Published March 20, 2020, 12:00 AM

by manilabulletin_admin

By James A. Loyola

SM and its subsidiaries yesterday assured all their employees their regular compensation as well as the extension of an Emergency Financial Assistance to its front liners, security guards and janitorial staff during the Enhanced Community Quarantine (ECQ) period from March 16 to April 14, 2020.

Under this, all employees will receive their regularly scheduled salaries during the ECQ period without deductions made against their Vacation and Sick Leaves.

The company’s front liners, who comprise the skeletal workforce, will, in addition, be provided with premium pay while all Security Guards and Janitorial staff will receive financial assistance of P5,000 for the period.

The conglomerate said it is focused on helping these key resources so that they in turn can be of service to others.

“In these trying times, we are in unchartered territories. Let’s be one with each other, united in the spirit of service. Let’s be mindful of our front liners and help with their need to be alert so they can continue to do their best in working for the safety and health of our communities,” said Hans T. Sy on behalf of the Sy family.

This financial assistance is another commitment to fighting the negative effects of COVID-19. Earlier, SM made separate announcements to waive tenant rentals nationwide as well as to support health workers as they actively fight the spread of COVID-19 with P100 million worth of protective equipment, testing kits and supplies.