The Negros Electric and Power Corp. (Negros Power) is encouraging Central Negros Electric Cooperative (Ceneco) employees to apply if they wish to continue working in the electric distribution utility.
The reminder came as the House of Representatives prepares to send House Bill 9805 to the Senate for the adoption of the approved legislation granting Negros Power a franchise to operate electricity distribution in central Negros.
In a statement, Negros Power said the approved bill will pave the way for a joint venture between Ceneco and Primelectric Holdings, the parent company of Negros Power.
Under the terms of the partnership, Ceneco employees will be given priority consideration for positions within Negros Power’s workforce, but they must formally apply to express their interest.
Negros Power president Roel Castro said that there is no automatic rehiring provision as some employees may choose to retire or pursue other opportunities after receiving separation benefits from Ceneco.
Thus, those interested in continuing their employment must apply to be considered, he added.
As of this time, more than 200 Ceneco employees have submitted their applications, which are now being processed.
Castro emphasized the urgency of preparing the workforce for a smooth transition and instructed their human resource department manager to initiate the hiring process promptly.
Primelectric Holdings, through Negros Power, will acquire Ceneco’s distribution assets for 70 percent cash and 30 percent shares.
Ceneco will use these funds to settle debts, refund consumer bill deposits, and fulfill separation obligations to the employees outlined in their collective bargaining agreement.
Negros Power aims to commence operations in the cities of Bacolod, Bago, Silay, Talisay, and the municipalities of Murcia and Don Salvador Benedicto once the franchise law is approved and the Energy Regulatory Commission grants it a certificate of public convenience and necessity. ||
