Negosyante News

November 24, 2024 9:42 am

ABS-CBN Announces End of ACJ O Shopping Corp.

IMG SOURCE: Cuitandokter

ACJ O Shopping, a joint venture with ABS-CBN and CJ ENM Company Limited, will be ceasing operations towards the end of the year and will be letting go of staff beginning in August.

ABS-CBN said the reason for the closure is due to challenges the past 2 years and financial losses and “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,”

The company has is known to have offered on-air TV shopping services to Filipinos for the past 7 years through the O ACJ O Shopping Channel.

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