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Documentary Proof in Valid Retrenchment Due to Losses
03
Jul
Retrenchment is one of the authorized causes to dismiss an employee. It involves a reduction in the workforce, resorted to when the employer encounters business reverses, losses, or economic difficulties, such as “recessions, industrial depressions, or seasonal fluctuations.” This is usually done as a last recourse when other methods are found inadequate. (Team Pacific Corporation […]
Tags: AFS , Atty. Elvin , audited financial statements , authorized cause , employee termination , labor , labor code , labor law , retrenchment ,