BACOLOD City – Vallacar Transit Inc. (VTI) assured the riding public of the smooth operation of Ceres buses nationwide despite a leadership dispute in the management.
Several passengers at the Bacolod South Terminal on Saturday got stranded due to the ongoing row between the Yanson siblings operating the bus firm.
In a press statement, VTI apologized for the inconvenience.
“What transpired was a turnover of responsibilities between the agencies appointed by the ousted VTI president Leo Rey (Yanson),” part of the statement read.
Based on a letter made by new president Roy Yanson to the Supervisory Office for Security and Investigation Agencies, the contract of the AGNSA Negros Security Agency had been terminated on July 10.
The AGNSA security was replaced by the AY-76 Security Specialists Inc.
During the takeover, however, the family’s matriarch, Olivia Yanson arrived at the North Bus Terminal in Barangay Bata. She protested son Roy’s move to replace security guards as the courts have not yet issued the writ of preliminary injunction.
Olivia also hit Roy’s attempted takeover of the Bacolod South Terminal.
The family feud has reached the Regional Trial Court Branch 53. Leo Rey filed administrative cases against siblings Roy, Ricardo Jr., Celina, and Emily Yanson “to declare the nullity of their so-called special board meeting” on July 7.
Leo Rey insisted that the VTI offices in other parts of the country are still under his control despite Roy’s takeover of their main office in Barangay Mansilingan.
“Our employees still recognizes me as president,” he stressed.
Leo Rey said they will iron out the management crisis plaguing the bus firm as he doesn’t want to cancel its operation following the Land Transportation Franchising Regulatory Board’s warning of a possible franchise revocation.
The Negros Occidental-based billionaire Yanson family owns the biggest bus empire in the country. They operate Vallacar Transit, Inc.; Bachelor Express, Inc.; Rural Transit Mindanao, Inc.; Sugbo Transit Express, Inc.; and Mindanao Star Business Transit, Inc with some 4,800 buses and 18,000 workers nationwide./PN