Construction company EEI Corp. announced Wednesday it will hire more than 10,000 skilled workers in 2022 to speed up the completion of ongoing and future projects as the government continues to push for the full reopening of the economy.
EEI vice president for human resources management Reynaldo Dizon said the company would run on sustained high gear in the immediate term as it participates in auctions and secures projects from the private and public sectors here and abroad.
“The economy is picking up and the construction industry is flexing its muscles as COVID-19 restrictions are relaxed. EEI Corp. will take advantage of this development and will go full blast next year,” he said.
The company said it would recruit more carpenters, masons, rebarmen, scaffolders, welders, pipe fitters, steel workers, engineers, architects, safety, quality control personnel, electricians and civil works supervisors to man the development projects.
EEI employs 13,382 employees across different construction projects in the Philippines; 6,909 overseas and 3,201 in its subsidiaries.
EEI is one of the few local construction companies that provide a diverse array of career opportunities—both domestic and overseas—to its employees. It is a leading producer of highly-skilled workers much sought after in the construction and engineering labor market.
“We really take good care of our employees and their families. This has been highlighted during this pandemic when employees were housed, fed and paid their full salaries/wages despite no production during the ECQ lockdowns,” Dizon said.
The firm provides subsistence allowances to cover incidental expenses while on field deployment. These are on top of standard housing/accommodations while in the project sites.
EEI reported last week that its joint venture company with Rushaid Petroleum Investment Company bagged an P11-billion construction project in Saudi Arabia.
The project involves the construction of a propane dehydrogenation plant with a production capacity of 843,000 tons per year of propylene.
EEI Corp. recently filed for a preferred shares offering with the Securities and Exchange Commission and the Philippine Stock Exchange.
Based on a prospectus dated Oct. 21, EEI plans to offer up to P4 billion as base offer, with an oversubscription option for another P2 billion to be issued in one or more subseries: Series A preferred shares and Series B preferred shares.
It tapped RCBC Capital and SB Capital as joint lead underwriters and joint bookrunners and RCBC Capital as sole issue manager.
Net proceeds will be used to partially finance projects, pay short-term loans, acquire new equipment and support general corporate purposes and working capital requirements. With Jenniffer B. Austria