Walang Christmas bonus: Joey Concepcion warns: Employees’ 13th month pay at risk if limited biz operations continue
Business

Walang Christmas bonus: Joey Concepcion warns: Employees’ 13th month pay at risk if limited biz operations continue

Employees eligible to get their 13th month may end up empty handed if the government doesn’t ease restrictions on businesses, Presidential Adviser on Entrepreneurship Joey Concepcion has warned.

In a statement, the GoNegosyo founder said Metro Manila can no longer afford staying at the Alert Level 4 nor can regions continue to remain under strict lockdowns, as these substantially stifle sales and profits.

“30% capacity won’t be enough to cover for the business expenses of our entrepreneurs and to pay off their amortization, employee salaries and 13th month pay. They need more to recover,” Concepcion said. “Let’s allow more fully vaccinated individuals to help our business sector as the cases go down.”

He stressed that with a decline in the number of COVID-19 infections and as more people receive vaccines, it’s imperative to allow more economic activities.

“It’s now time for the government to look closely at the numbers and believe the global data of cases going down like in Thailand and Malaysia. We can downgrade to Alert Level 2 or Alert Level 3 with 50% capacity and reopen the cinema and wellness industry,” Concepcion added.

He also wants sectors that have remained shut to finally reopen to customers: cinemas, derma clinics, and wellness spas for the fully vaccinated.

“The last quarter of the year is crucial for businesses as they have the chance to recoup some losses due to the pandemic. Let’s give our businesses a fighting chance,” Concepcion added.

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