After seven years of offering Filipinos TV shopping convenience and making quality products affordable via the O Shopping Channel, the ABSCBN and CJ ENM Company Limited joint venture, ACJ O Shopping Corporation, will stop operations towards the end of the year.
The past two years have been challenging for the company as it experienced financial losses. The COVID-19 outbreak has taken and will continue to take a toll on the business this year. ABS-CBN’s partner, CJ ENM, has also decided to move its business out of Southeast Asia completely.
As a result, ACJ O has made the difficult decision to let go of its employees starting August 7, 2020. The company is thankful for their valuable contributions through the years and ensures that they will receive separation packages as the law requires.
As it winds down its operations, the company will make further announcements regarding the selling of its goods on air and online. ACJ O will continue to serve its customers as best it can despite the reduction in manpower in the next few months.
(Story/Photos by: Kane Choa)