Balancing financial survival and the rights of employees during economic downtimes can be tricky for companies whose primary concern is to keep the business afloat for the benefit of everyone– shareholders, employees and clients.
Philippine labor laws are typically favorable to the employee with more rights and labor standards deemed by many foreigners doing business in the Philippines as obstacles to business growth. But what can a company do to save itself from financial ruin considering strict laws on termination and other labor standards?
Philippine Legal Counseling’s Atty. Christine Florido offers some legal suggestions. Click here to view the related article.
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