An axe to grind
| BLURBAL THRUSTS |
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| Louie Logarta |
It’s payoff time for 309 workers of Broadcast City-IBC 13. After enduring more than two decades of a seemingly endless wait since sequestration in 1986 in the wake of Edsa I, it’s daybreak at last with an amicable settlement that’s been eked out for their employment woes.
And why not? They each were the recent recipients of a P200,000-cash bonanza resulting from a joint venture agreement (JVA) hammered out by representatives of the floundering state-run entity and real estate developer Primestate Ventures Inc. (PVI), and much more.
The abovementioned monetary benefits that accrued to the workers formed part of a P278-million carrot that had been set aside under the JVA to settle their back wages and unpaid retirement benefits in order to pave the way for the projected six-year development project of the Broadcast City property in Balara, Quezon City into a mixed commercial-residential complex as well as the refurbishing of the Channel 13 facilities with modern equipment to make it competitive with the other existing television stations..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20100926com4.html
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