70% of farmers opted for stocks—Hacienda Luisita

Published by rudy Date posted on August 9, 2010

MANILA, Philippines—Hacienda Luisita Inc. (HLI) on Monday said that almost 70 percent of its farm workers (7,302 out of 10,502) have availed of a stock distribution option as a “quick remedy” to the long-drawn-out legal battle over the controversial land.

A census from Friday, August 6, until Sunday, August 8, had 70 percent or 7,441 of workers signing a compromise agreement with HLI.

Out of those who signed the compromise agreement, 7,302 preferred the stock distribution option and 139 voted for land distribution. –Riza T. Olchondra, Philippine Daily Inquirer

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