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Lucio Tan's grandson appointed as PAL Holdings vice president


BusinessWorld
May 28, 2021 | 12:06 am
PAL Holdings, Inc. said Thursday that its board of directors has approved the appointment of Lucio C. Tan III, grandson of Chairman Lucio C. Tan, as vice-president of the company.
“Please be advised that at the meeting of the board of directors held on May 26, 2021, the board approved the appointment of Mr. Lucio C. Tan III as vice-president of PAL Holdings, Inc.,” the listed operator of the Philippine Airlines said in a disclosure to the stock exchange.
The appointment of the chairman’s grandson and son of the late Lucio “Bong” K. Tan, Jr. comes amid reports of bankruptcy protection plans. ....

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Lufthansa Technik PH to reduce workers by 20%


Published February 12, 2021, 10:00 AM
Lufthansa Technik Philippines (LTP) will be implementing a Rightsizing Program that will reduce the size of its workforce by 300 which brings it to 2,700 or 20 percent lower than pre-pandemic level.
In a statement, LTP President and CEO Elmar Lutter said the decision came after careful study and consideration of the business situation as a result of the pandemic and its effects on the aviation industry.
(Photo credit: https://www.lht-philippines.com/documents/)
The Rightsizing Program, similar to other programs implemented in the past year, aims to secure the fiscal health of the company to tide it through this critical period, and is considered temporary until our industry fully recovers. ....

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