Leading automotive company Toyota Motor Philippines Corporation (TMP) was recently awarded as one of the “Top Private Employers” for South Luzon by the Pag-IBIG Fund during its virtual Stakeholders’ Accomplishment Report (StAR) 2021. TMP, a large enterprise located in Santa Rosa City, Laguna, is the first automotive company to be given such award.
This award is given to top private and public organizations that contributed to the Pag-IBIG Fund’s net income target achievement. TMP gained the recognition by facilitating 100% Pag-IBIG membership of its employees and the timely remittance of their monthly savings. TMP’s remittance for the year 2021 exceeded the pre-pandemic level.
TMP was also cited for its support to the Pag-IBIG Fund’s Regular Savings and Modified Pag-IBIG II (MP2) Savings programs. TMP provided assistance in the registration and remittance of its team members for their savings under these programs, while continuously promoting the importance of financial security company-wide. Through Pag-IBIG Fund’s programs, members are able to save up and use their funds for future housing plans.
TMP’s workforce is comprised of over 1,800 regular employees whose employment was secured despite the pandemic. TMP contributes to the recovery of the Philippine economy through employment opportunities in its entire value chain, support in the development of the automotive industry, as well as the introduction of new solutions for better mobility of the Philippine society.
The Pag-IBIG Fund, also known as Home Development Mutual Fund (HDMF), is a government-owned and controlled corporation (GOCC) and one of the key shelter agencies under the Department of Human Settlements and Urban Development (DHSUD). The Pag-IBIG Fund provides housing to Filipinos through effective savings and financing schemes. The StAR Awards program was first launched in 2019 to recognize the contributions of Pag-IBIG Fund’s stakeholders.