A release by the legal counsel for the management of Vallacar Transit Incorporated (VTI), parent company of the Ceres bus liner, claimed there are “malevolent forces” seeking to break up the company.
According to Atty. Sigfrid Fortun, legal counsel for the Yanson siblings, who control the Board of Directors, former president Leo Rey Yanson sought to break up the company.
“Leo’s own admission, which he shared with a reporter of a national newspaper in Manila, that he dared his older brother Roy to a toss of a coin to see who gets what of their deceased father’s bus company reveals his plan to break Vallacar up,” he stated.
In an earlier statement, company president Roy Yanson gave similar sentiment.
“Let me assure everyone: I will not agree to the suggestion [by] our younger brother, Leo Rey, to just break up this company, which my dad built from scratch and leave its fate on a toss coin between us,” he stressed. “Leo Rey wanted to divide dad’s company.”
The attorney also took note of the pending temporary restraining order that was earlier filed against Leo Rey Yanson.
The former president is accused of coordinating with “cohorts” to cause disruption to company operations. Recently, four Philippine Agricultural, Commercial, and Industrial Workers Union-Trade Union Congress of the Philippines officials were accused of attempting to launch a “fake strike” against VTI.
“Let us not break our company,” the incumbent VTI chief noted in his earlier release. “I, together with our board, our new management, and these 18,000-strong employees will remain committed to bring growth to this company.”
Yanson added, “As they say, united we stand, divided we fall.”/WDJ