Globe Telecom Inc. has started restructuring the workforce of Bayan Telecommunications Inc. as part of the merger between the two telecommunication companies.
“We are beginning to plan for the integration of both companies,” Gil Genio, the new president of BayanTel, said.
Genio said as part of the process, some employees of Bayan had been transferred to Globe as early as last week.
“That’s really the tip of the iceberg. Between now and the end of the year, we will go through an integration plan across all the functions between Globe and Bayan respecting the fact that they really have a good franchise area of landline, broadband and enterprise data,” Genio said.
Genio did not disclose the number of BayanTel employees that would be affected by the integration plan,
“I don’t want to preempt the work that we are doing,” Genio said.
A source, however, said Globe would unlikely absorb all 1,100 BayanTel employees nationwide.
“It really depends on the integration plan,” the source said.
Genio expressed optimism about BayanTel’s profitability outlook, saying it had a “very good running business.”
Bayan posted P5.6-billion revenues in 2014, down by 3.4 percent from P5.8 billion in 2013.
Its broadband and fixed-line voice subscribers last year stood at 144,100 and 174,400, respectively.
Globe’s move to merge with BayanTel came after it acquired nearly all shares in the Lopez-led telecom company.
