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PEZA clarifies rules on shutdowns by company and ecozones

PEZA clarifies rules on shutdowns by company and ecozones
March 20, 2020
PEZA clarifies rules on shutdowns by company and ecozones

20 March 2020 (Friday)
 

Taguig City – The PEZA Chief has clarified that rules regarding companies that are PEZA-registered when it is their own initiative to stop operation. 

 

Rule 1: Prerogative of Companies to shutdown depending on issues like lack of raw materials and importations due to closure of foreign suppliers.

Rule 2. Shortage of workers who cannot report to work and can’t travel due to absence of mass transport and banning of public utilities.

Rule 3. Costly housing facility provisions and scarcity of spaces near the zones to house their workers.

Rule 4. Decision to transfer production quota, machine rise & equipment to other foreign branches so, as not to delay production and delivery to their global buyers/ clients.

Rule 5. Full transfer of investment to other countries. However, this is a big investment and job loss for the Filipino people.

Meanwhile, specific ecozones that aim to shutdown must be consulted first to locators, company-associations and to PEZA.