What is the separation pay for retrenchment?
Based on Articles 298 and 299 of the Labor Code of the Philippines, the rate is one-half month pay per year. A fraction of six months counts as a full year. This applies when management reduces personnel specifically to prevent losses. It provides proportional compensation during corporate downsizing. 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/.
