Wednesday 12 December
Apr 28, 2016 @ 9:50

Harley Sy: SM isn’t into contractualization; we hire for seasons like Christmas, school opening


Bilyonaryo Henry Sy?s SM Group of Companies said it would follow the labor laws to be implemented by the next administration being the country?s largest employer.

“SM does not do contractualization, we do hire for seasons – like second quarter for school opening and also for Christmas,” SM Investments Corp. (SMIC) president Harley Sy said

SMIC has a group-wide employee headcount of 65,439. Bulk or 40.8 percent are employed by BDO Unibank, 24.4 percent by non-food retail, SM markets with 13.4 percent, SM Prime with 12.1 percent, China Bank with 8.4 percent, and SMIC with 0.9 percent.

“We are easy to be used as a reference point because we happen to be one of the biggest employer in the Philippines,? he said.

According to him, the SM Group usually retains the workers of the companies that they acquire.

?When we acquire certain companies we do not let go of workers. In fact we have a lot of regular employees in the company, in fact we need a lot of good people,? he added.

All presidential candidates vowed to put an end to labor contractualization. Bets include Manuel Roxas II, Vice President Jejomar Binay, Mayor Rodrigo Duterte as well as Senators Miriam Defensor Santiago and Grace Poe.

“Whatever is the law, we will follow the law and find ways to survive,”

He reiterated the SM Group is not shortchanging its employees and is giving workers to flexibility in their work hours.

“A lot of people speculate, a lot of people say a lot of things, the fact is we are one of the largest employers in the Philippines,” Sy said.

Sen. Aquilino Pimentel III filed Senate bill 303 last December seeking to stop the practices of labor contractualization in the country.

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