Solis Medina Limpingco & Fajardo
Solis Medina Limpingco & Fajardo
LIMPINGCO
& FAJARDO
11th Floor, East Tower, Philippine Stock Exchange Centre
Exchange Road, Ortigas Business Center
1605 Pasig City, Philippines
Tel. (+632) 634.6722 / 6788 / 6789 Fax: (+632) 634.6724
www.solismedina.com email: [email protected]
MEMORANDUM
Therefore, the two (2) employees of the Corporation under the said position,
namely___________________ and ________________________ shall be terminated from
employment by reason of redundancy under Article 283 of the Labor Code. They shall
not be absorbed for any other function by the Corporation.
Pursuant to the pertinent provisions of the Labor Code, the dismissed employees are
entitled to a separation pay equivalent to one (1) month pay for every year of service
rendered to the Corporation (provided that a fraction of 6 months is considered 1 year)
in addition to whatever benefits that the dismissed employees may be entitled to under
the law.
Attached are suggested Notice of Redundancy forms required to be filed with the
Department of Labor and Employment.
Please let us know when the redundancy notice will be served at least three (3) days
prior to giving out of the notice.