C01321-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Mar 8, 2024
2. SEC Identification Number
PW-55
3. BIR Tax Identification No.
000-488-793
4. Exact name of issuer as specified in its charter
PLDT Inc.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
RAMON COJUANGCO BUILDING, MAKATI AVENUE, MAKATI CITY Postal Code 1200
8. Issuer's telephone number, including area code
(632) 8250-0254
9. Former name or former address, if changed since last report
NOT APPLICABLE
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
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11. Indicate the item numbers reported herein
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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PLDT Inc.TEL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Response to the letter of the PSE dated March 8, 2024 requesting PLDT Inc. to clarify information and/or to provide relevant information in relation to the news article entitled "SC Workers servicing PLDT lines must be regularized" as posted in Inquirer.net on March 8, 2024.
Source Inquirer.net
Subject of News Report SC: Workers servicing PLDT lines must regularized
Date of Publication Mar 8, 2024
Clarification of News Report

We refer to the letter of the PSE dated March 8, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “SC: Workers servicing PLDT lines must be regularized” posted in Inquirer.net on March 8, 2024.

The news article states, in part, that:

“The Supreme Court has affirmed the Court of Appeal’s (CA) ruling in 2018 that nullified a labor department order for the Philippine Long Distance Telephone Co. (PLDT) to regularize more than 7,000 workers of its service contractors.

However, the high court affirmed the ruling which found that workers involved in the installation, repair and maintenance services of PLDT lines need to be regularized as they perform tasks necessary and directly related to the company’s business.

In a 38-page decision promulgated on Feb. 14, the Supreme Court dismissed the petition for certiorari filed by the Manggagawa sa Komunikasyon ng Pilipinas (MKP), PLDT, and former Labor Secretary Silvestre Bello III challenging the rulings of the appellate court.

Due to a dispute that arose from the negotiation of the collective bargaining agreement between MKP (the exclusive bargaining agent of PLDT’s rank-and-file employees) and the company, the two parties in 2016 sought the intervention of the Department of Labor and Employment (Dole) through a ‘Special Assessment and Visit of Establishment.’

. . . .”

We confirm that the Supreme Court upheld the Court of Appeals’ decision setting aside the order of then DOLE Secretary Silvestre Bello III to regularize 7,344 workers of PLDT’s service contractors.

With regard to those workers performing installation, repair, and maintenance functions, we clarify that the Supreme Court remanded the case to the DOLE Regional Director to determine whether or not regularization is appropriate.
Other Relevant Information

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Filed on behalf by:
Name Mark David Martinez
Designation Vice President