PLDT Inc. and the Manggagawa ng Komunikasyon ng Pilipinas (MKP) concluded their collective bargaining agreement (CBA) negotiations for the 2024 to 2027 period.
The agreement, formalized in a memorandum of agreement (MOA) signed under the supervision of the Department of Labor and Employment (DOLE), would take effect on Nov. 9, 2024 and expire on Nov. 8, 2027.
The CBA is subject to ratification by MKP members within the next 60 days.
PLDT earlier reported a net income of P28.1 billon in the first nine months of 2024, up 1 percent year-on-year.
Telco core income reached P26.6 billion, up by 2 percent from the same period last year.
The company’s gross service revenues grew 4 percent to P155 billion, while consolidated service revenues rose 2 percent to P144.9 billion in the first nine months of 2024.
PLDT’s individual wireless segment posted revenues of P62.1 billion in the first nine months of the year, up by 2 percent year-on-year.
PLDT Home posted fiber-only service revenues of P41.7 billion in the first nine months, while PLDT Enterprise reported P36.1 billion in net service revenues.
