What is the separation pay for establishment closure?
Pursuant to Articles 298 and 299 of the Labor Code of the Philippines, it is one-half month pay per year. This applies to closures not due to serious financial reverses. Six months of service strictly counts as one whole year. It guarantees baseline support when a non-losing business closes. 18-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
