NPA attack incurs P2-billion losses, hundreds of workers displaced

From the Philippine Information Agency (May 4): NPA attack incurs P2-billion losses, hundreds of workers displaced

The New People’s Army attack last April 29 on Lapanday’s box and manufacturing plant in Mandug destroyed about P2-billion worth of investment and displaced 700 to 1000 workers.

The rebels simultaneously attacked the box and plastic plant in Mandug, the Lapanday ranch in Calinan and the Macondray Plastic Plant in Bunawan.

In a press conference held by the company last May 3, Manolito Dangatan chief financial officer of Lapanday Foods Corporation said the destroyed facilities was the company’s biggest investment in Davao City and will take two to three years to rebuild the plant.

The boxing plant has about 20,000 square meters of floor area and is said to cost P1.5-biliion to P2-billion.

Dangatan said the company has contributed P600-million to various stakeholders for the last five years, including P130-million to its employees.

“It’s really unfortunate that this investment in Davao City will suffer in this damage,” Dangatan said.

“The fact that they become jobless, this made it more difficult for them now, give that in a next couple of weeks school time opens.” Says Hernani Geronimo strategic and shared human resource services officer of Lapanday.

 “We will do everything we can to help cushion the impact as we have done in other instances where calamities have struck we were there to provide not just to the workers but also the community.” Geronimo added.

Meanwhile the City Government of Davao has promised aid to the displaced workers like providing skills training to the employees. The Davao City Police Office had also distributed relief goods to the families of affected workers.

http://news.pia.gov.ph/article/view/1541493885655/npa-attack-incurs-p2-billion-losses-hundreds-of-workers-displaced