20 February 2014 – The TV5 management and the employees’ union signed yesterday a Memorandum of Agreement (MoA) bringing to a fruitful conclusion months of negotiations on their collective bargaining agreement (CBA).
The MOA represents earnest efforts on all parties to come up with an agreement that includes employees’ improved benefits – i.e., increased wages, more medical and hospitalization benefits, a rebuilding fund, etc. – and ensures the network’s future growth.
According to TV5 President and CEO Noel C. Lorenzana, “We are very happy that we can now move forward and continue a productive partnership with our employees. We are all in this as one company, one team. This is why we really need to work together for the common goal of helping TV5 become the game-changing network we all want it to be.”
Present during the MOA contract signing, among others, were TV5 Management Panel Chairperson Raul Velasco, Management Panel Spokesperson Raul Dela Cruz, Legal Head Atty. Christine Ona, ABC Employees’ Union President Heinrich Agcaoili, Union Chairperson and Spokesman Bayani Bravante, and Union VP for External Dennis Suing.
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