PSE Circular for Brokers No. 2742-98
PSE Circular for Brokers No. 2742-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 11, 1998
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December 11, 1998 PSE CIRCULAR FOR BROKERS NO. 2742-98 December 10, 1998 PHILIPPINE STOCK EXCHANGE, INC. (PSE) Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig, Metro Manila Attention: Ms . Grace B . de Guia Assistant Manager Gentlemen/Mesdames : Pursuant to SEC and PSE's disclosure requirements, we are reporting to your good office that Petron Corporation and Petron Employees Labor Union (PELU) has signed a Collective Bargaining Agreement (CBA) today covering the period July 1, 1998 to June 30, 2001. Under the CBA the company is committed to grant a salary increase of 10%, 12% and 13% for the first, second and third years, respectively. Other benefits include the increase of meal and transportation allowances for overtime work. We trust that we have sufficiently complied with your disclosure requirement. Very truly yours, (SGD.) LIBERADOR V. VILLEGAS Corporate Secretary
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