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Makati Shangri-La Is Closing Temporarily Starting February 1

The iconic luxury hotel has been the site of many events including the ABS-CBN Ball

Three weeks into 2021, the COVID-19 pandemic continues its assault on various industries.

This Wednesday, January 20, the Shangri-La Group announced that it will be closing its Makati operations temporarily, beginning February 1, 2021.

In a statement issued this afternoon, a company spokesperson said: "Throughout the unprecedented COVID-19 pandemic, our priority has been to preserve as many jobs as possible for our teams."

"To mitigate the financial impact brought about by the pandemic, multiple cost management initiatives have been implemented including salary reductions at management level, implementing shorter work weeks, hiring freeze and cuts in non-essential spending."

"Despite our best efforts," the statement continued, "the prolonged recovery timeline has resulted in increasing financial pressure on the company here in the Philippines."

Unfortunately, this also means that Shangri-La will be letting go of a number of employees. But they've assured the public—as well as their affected colleagues—that they will continue to assist them through the transition. Part of the support will include a fair compensation package "higher than local statutory guidelines" and an extension of their healthcare coverage and grocery support until the end of this year. 

The luxury hotel has long been an iconic and renowned establishment in the metro since its opening 30 years ago, playing host to numerous debuts, proms, weddings, and business conferences. It has also been the site of several big annual events like the ABS-CBN Ball.

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Photo from Shangri-La