Aboitiz real estate arm Aboitiz Land Inc. is extending a 50-percent discount on rent covering a five-month period to locators at the Mactan Economic Zone II.
This will help locators continue operations as they reel from a drop in sales and unexpected expenses.
The pandemic and the enhanced community quarantine have forced manufacturing businesses to adapt to production demand changes, labor support challenges and supply chain ecosystem constraints.
“We share our locator partners’ concerns and we remain committed to helping them survive and recover swiftly from this ongoing health and economic crisis,” AboitizLand Industrial Business Unit Head Eduardo Aboitiz said.
“We believe that this assistance, along with the support we have extended over the past 25 years, will be reciprocated by our locators through their continued commitment to the Philippines and to the people of Cebu,” Aboitiz added.
“It’s important that we work together in this changing business dynamic to help keep the economy moving and continue to provide employment to those depending on the industrial zone for livelihood,” Aboitiz said.
MEZ II employs 14,000 skilled workers in 49 multinational companies belonging in light to medium industries that include precision instruments, medical equipment, communication and electronics, automotive supplies, apparel, and furniture.