Victory Liner lays off 400 employees due to pandemic crisis

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Victory Liner, one of the country's largest provincial bus companies, has let go of 400 employees and may relieve more in the coming months due to the ongoing pandemic crisis, its spokesman said Friday. (FILE PHOTO)

Metro Manila (CNN Philippines, June 19) — Victory Liner, one of the country's largest provincial bus companies, has let go of 400 employees and may relieve more in the coming months due to the ongoing pandemic crisis, its spokesman said Friday.

Alex Briones, a spokesperson for Victory Liner, said laid off were 300 drivers and conductors under probation, while 100 administration staff, inspectors and others were given early retirement with benefits.

Briones said they may also relieve up to 1,000 workers in the "next wave" of retrenchment due to possible adjustments in the transport industry such as going cashless and reducing passenger capacity.

He admitted that the limitations on mass transportation took a toll on the company, adding that its 1,200 buses were unable to operate.

"Walang pumapasok na pera sa company," Briones told CNN Philippines in a phone call. "Medyo hirap na kami financially."

[Translation: There is no money coming in. We are struggling financially.]

Due to the spread of the coronavirus, the government imposed quarantine restrictions including putting a halt to public transportation for the past three months.

Briones assured that the company has been giving aid in the form of food and loans to their employees during the lockdown.

Victory Liner is the latest casualty in the transportation sector after a few local airlines also retrenched.

CNN Philippines Correspondent Paolo Barcelon and Digital Producer Janine Peralta contributed to this report.