The Department of Labor and Employment (DOLE) has certified the Philippine National Bank (PNB) as a compliant institution, the first to be awarded in the banking industry, after it satisfied the requirements on general labor and occupational safety and health standards.
In simple rites this week, Labor Secretary Silvestre H. Bello III awarded the compliance certificates to PNB chair Lucio C. Tan, and witnessed by top bank executives, as a testament to the bank’s compliance with the set labor standards.
“We congratulate PNB on this meaningful day. This is one solid proof that this leading banking institution lives up to its corporate values, trustworthiness, adaptability to change, team orientation, commitment, and sense of worth,” Bello told bank officials and guests in ceremonies held at the Century Park Hotel in Manila.
The certificates were issued to PNB after it passed the joint assessment conducted by labor inspection teams in July last year. A certificate of compliance has a two-year validity period unless revoked by the labor department.
During the same occasion, PNB also unveiled a Seal of Compliance Marker to mark its receipt of the certificates and being the first in the banking industry certified by DOLE as labor standards compliant.
In awarding the certificates, Bello called on the management of the Philippine Airlines, sister company of PNB, to strictly abide and observe fair and mutual treatment of workers and uphold their rights in accordance with the implementation of the Department Order 174 which prohibits illegal forms of contracting and subcontracting.
“It will be much better if DOLE can soon award a certificate of compliance to PAL so that it can also be one of the role models and take the lead in being labor compliant among the airline industry,” Bello said.
The labor chief meantime hopes to grant more certificate of compliance to other leading banks in the country and other companies in the country.
“We find it imperative to build a responsive, enabling and equitable labor policies, laws and regulations while we uphold the rights of the employers to reasonable returns on investment and to expansion and growth. It is my hope that more and more companies will fully comply with the general labor and occupational safety standards,” he added.