MANILA, Philippines – AboitizPower (PSE ticker symbol: AP) wholly owned subsidiary Hedcor, Inc. was commended with the Outstanding Labor Management Cooperation (LMC) Award for Industrial Peace during the LMC National Convention in Naga City last November 9.

"As responsible corporate citizens, the management and rest of the Hedcor team ensure a good working relationship among all team members", said Hedcor president Rene Ronquillo.

“Being part of the Aboitiz group, the company believes continuously improving labor relations is fundamental to good business performance", Ronquillo added.
 
The 7th National Search for Outstanding LMC Awards, led by the National Conciliation & Mediation Board of the Department of Labor and Employment and the Philippine League of Labor-Management Cooperation Practitioners, recognizes companies with success stories and best LMC practices.
 
LMC is a mechanism designed to preserve industrial peace by encouraging constant communication and positive interaction between workers and employers.
 
Hedcor's LMC members volunteer their time to the company's Corporate Social Responsibility projects to its host communities particularly in tree planting activities, medical programs as well as Brigada Eskwela and livelihood projects under the Hedcor Kabisig Council, which was formed in 2005.
 
A further testament to the healthy working relations between the management and the employees is the signing of the collective bargaining agreement between Hedcor Employees Union (HEU) and the Hedcor management in September after a seven hour-negotiation – the fastest negotiation to date.
 
"AboitizPower recognizes the contribution of our employees as our partners in business. We invest in our employees as they help steer our company's growth today and in the future. We will continue to invest in building the technical and human resource capabilities of our employees as we usher a brighter era for the Aboitiz Group," Erramon Aboitiz, AboitizPower President & CEO said.

Early this year, Hedcor was a finalist to the Employer’s Confederation of the Philippines’ Kapatiran sa Industriya Award which recognizes companies that best promote industrial peace and harmony, quality and productivity, social accountability, and strategic visioning and partnering.

In 2010, to add feather in its cap, two national awards were given by DOLE agencies to Hedcor for its initiatives on providing safe and healthy workplace - the Gawad Kaligtasan and Kalusugan Award for Occupational Safety and Health and Safety Milestone Award by Bureau of Working Conditions.
Hedcor is also OHSAS 18001:2007 certified for Occupational Health and Safety Standards by the Certification International.

Hedcor, the largest developer of run-of-river hydropower plants in the country, operates 18 plants in Benguet, Ilocos Sur and Davao with a total capacity of 150 megawatts.
 
Hedcor's technical expertise, backed by a strong management and highly capable workforce, has made the company another formidable business unit within the AboitizPower subsidiaries.
 
"Hedcor will continue programs that will strengthen workplace cooperation and partnership while fulfilling its commitments to stakeholders and communities," Ronquillo explained.

AboitizPower
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services.  It is a major producer of Cleanergy, its brand for clean and renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. For more details, please visit: www.aboitizpower.com and www.cleanergy.com.ph