Yuchengco-led EEI Corp. on Wednesday said it is hiring some 10,000 skilled workers next year to fast-track the completion of its projects.
Reynaldo Dizon, EEI vice president for human resources management, said the firm need the workers in the coming years as it participates in bidding and secures projects from the private and public sector both here and abroad.
By next year, he said the company will need carpenters, masons, rebarmen, scaffolders, welders, pipe fitters, steel workers, engineers, architects, safety, quality control personnel, electricians, and civil works supervisors.
“The economy is picking up and the construction industry is flexing its muscles as Covid-19 restrictions are relaxed. EEI Corp. will take advantage of this development and will go full blast next year,” Dizon said.
EEI currently has 13,382 employees across different construction projects in the Philippines, some 6,909 of whom are overseas while 3,201 are in its subsidiaries.
“We really take good care of our employees and their families. This has been highlighted during this pandemic when employees were housed, fed and paid their full salaries and wages despite no production during the ECQ [enhanced community quarantine] lockdowns,” Dizon said.
In terms of remuneration, the firm provides subsistence allowances to cover incidental expenses while on field deployment. These are on top of standard housing and accommodations while in the project sites.
“We are also among the few construction companies investing in the protection of project workers through group life and accident insurance,” he said.
The company said it is one of the few local construction companies that provide an array of career opportunities, both domestic and overseas, to its employees.
It is a leading producer of highly skilled workers much sought after in the construction and engineering labor market.
EEI earlier filed for a preferred shares offering with the Securities and Exchange Commission and the Philippine Stock Exchange.
The company said it plans to offer up to P4 billion as base offer, with an oversubscription option of up to P2 billion to be issued in one or more subseries: Series A Preferred Shares and Series B Preferred Shares.
RCBC Capital Corp. and SB Capital Corp. were picked as joint lead underwriters and joint bookrunners and RCBC Capital as sole issue manager.
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