May 8, 2024

Companies under SM are standing in solidarity with the nation and the citizenry in the battle against the coronavirus disease-2019 (Covid-19).
SM has assured all of its employees their regular compensation as well as the extension of an Emergency Financial Assistance to its frontliners, security guards, and janitorial staff during the Enhanced Community Quarantine (ECQ) from March 16 to April 14.
SM assured that all employees will receive their regularly scheduled salaries during the ECQ period without deductions made against their vacation and sick leaves.
The company’s frontliners who comprise the skeleton workforce will, in addition, be provided with premium pay and all security guards and janitorial staff will receive financial assistance of P5,000 for the period.
SM is focused on helping these key resources so that they in turn can serve others.
On a daily basis since the ECQ, SM has also been undertaking measures to protect the safety and welfare of its front line personnel with protective gear, meals, and transportation whenever possible.
“In these trying times, we are in unchartered territories. Let’s be one with each other, united in the spirit of service. Let’s be mindful of our front liners and help with their need to be alert so they can continue to do their best in working for the safety and health of our communities,” said Hans T. Sy on behalf of the Sy family.
SM continues to assess the health crisis with vigilance, enjoining its employees and the public to follow guidelines and precautions to help combat the virus.
This financial assistance is another commitment to fighting the negative effects of Covid-19. Earlier, SM made separate announcements to waive tenant rentals nationwide as well as to support health workers as they actively fight the spread of the Covid-19 with P100 million worth of protective equipment, testing kits, and supplies. – Press release