Philippines: Cash-strapped Pacific Cement Company (PACEMCO) has decided to extend the suspension of its cement plant operations for three months to complete ongoing negotiations regarding a possible investment of funds needed to re-open the plant.

"During this period of work suspension, management has committed to respect the benefits of the employees which are clearly spelled in the minutes of the conciliation conference held at the office of the Department of Labour and Employment (DOLE) Secretary on 14 November 2014," said Inocencio R Cortes, executive vice president of PACEMCO. "As a result of this extended work-suspension, all employees are hereby advised not to report to the main plant site or the port site as the case may be, as well as to those in the head office in Makati City, effective 17 November 2014 and until further notice," he added.

PACEMCO's cement plant halted operations on 5 May 2014 after the Surigao del Norte Electric Cooperative cut its power supply for unsettled obligations worth at least US$555,432. Edwin Batac, union president of Pacemco Mamumuong Nagkahiusa, said that the company has 343 employees who were on forced leave after the company stopped its operations. Batac added that the company is financially drained.