MANILA, Philippines – DMCI Mining Corporation trims its manpower by 62 percent during the first nine months of the year through September as stated by DMCI Holdings Inc., the company’s parent firm.
The reduction of workforce is due to the company’s mining units suspension, particularly in Zambales and Palawan. The number of employees in the mining sites is now 207, which decreased largely from its initial count of 550.
DMCI Holdings clarified that the layoff does not include the employed thousands of seasonal workers during the uptrend of production.
Cesar Simbulan Jr., DMCI Mining President, stated that the retrenchment is the last resort of the company. Simbulan added that their hands are tired, which led to layoff implementation. He added that they attempted to keep as many workers as possible by relocating them to other environmental sites for rehabilitation.
Nonetheless, the President stated that comparing to nickel production, mine rehabilitation does not require all-embracing labor force. This is also another factor why the management could not absorb all workers.
Berong Nickel Corp, the mining company’s subsidiary, was debarred to operate after the relay of the suspension order from the Department of Environment and Natural Resources (DENR). The department released the temporary cessation order in June following the Barangay Berong’s river system and tributaries’ assumed discoloration.
Social issues are considered to be the reasons why DENR also suspended the operations of Zambales Diversified Metals Corp.
The company raised an appeal for suspension lifting to the environment department. Recently, additional documents were submitted by the management to support its petition.
According to the firm, more than 1,500 of local residents and Berong Nickel workers, which are inclusive of 424 indigenous group members, presented an appeal to President Rodrigo R. Duterte. Their unified earnest request is to reopen the mine.
DMCI Mining reported its unaudited earnings for the previous nine months through September at P1.57 million, which is lower than last year’s P2.8 million registration.
The recent mining unit suspensions have weighed on the consolidated net earnings of the company. Recently, the parent firm disclosed a six percent drop in its net income at P9.2 billion. Consolidated revenues, on the other hand, slightly dropped from P45.6 billion to P45.1 billion.
DMCI Holdings, Inc. was incorporated on March 8, 1995. The company focuses on consolidating all construction components and businesses. On December 18, 1995, the company was listed on the Philippine Stock Exchange (PSE).
Apart from the parent’s mining arm, the revenues of the company are also contributed by its energy business, property development segment, and investments among others.
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