SM expresses support for contractualization

Published by rudy Date posted on June 27, 2016

By Richmond Mercurio (The Philippine Star), June 27, 2016

MANILA, Philippines – The SM Group has expressed support for contractualization but keeps its hands clean from the labor practice which the incoming president has vowed to abolish.

SM Investments Corp. vice chairperson Tessie Sy-Coson believes there is nothing wrong with contractualization if it is properly regulated.

She said the practice in fact provides much-needed employment for many Filipinos.

“On contractualization, if it is regulated well, it is a good format for extra work and more employment,” Sy-Coson told The STAR.

Incoming president Rodrigo Duterte has vowed to work with Congress to put an end to labor contractualization in the country, saying that the practice is “anti-people.”

Contractualization, also known as “endo” or end of contract, is a practice of hiring workers for only a short period, or usually not more than six months.

The reason why employers practice such is that by regularizing employees, they would be required to provide them overtime and holiday pay, 13th month pay and social security benefits.

For their part, Sy-Coson assured that the SM Group does not exercise contractualization across its vast workforce in the country.

“For us we don’t have contractualizations. Eighty percent of our people are regular but we do take in temporary or seasonal workers come Christmas, come weekends, come school opening. So we do take in some people during those times so there’s no problem in that aspect. And I think DOLE (Department of Labor and Employment) has been checking on us from time to time,” she said.

As one of the largest conglomerates in the country, the SM Group is seen as one of the country’s biggest employers with businesses spanning across retail, property developmentand banking.

March 2025

It’s women’s month!

“Support women every day of the year!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!

Monthly Observances:
Women’s Role in History Month

Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week

Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour

Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories