Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT PROTECTING EMPLOYEES IN CASES OF MERGER OR CONSOLIDATION, SALE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL ASSETS OR BUSINESSES OF THEIR EMPLOYERS AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
February 1, 2017
Scope
Legislative History
| House Bill/Resolution NO. HB04932 |
| FULL TITLE : AN ACT PROTECTING EMPLOYEES IN CASES OF MERGER OR CONSOLIDATION, SALE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL ASSETS OR BUSINESSES OF THEIR EMPLOYERS AND FOR OTHER PURPOSES |
| ABSTRACT : Mandates that merger, consolidation or transfer of business shall not diminish the wages, benefits and other employment terms and conditions of the affected employees; Seeks to oblige the acquiring or transferee employers to continue the employment of the transferor employer's employees during such instances. Aims to limit the ground for termination of employment in case of such business overhauls only to redundancy. |
| PRINCIPAL AUTHOR/S : MENDOZA, RAYMUND DEMOCRITO C. |
| DATE FILED : 2017-02-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Sy-Alvarado (080 2017-03-08) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 2017-02-08 |
Abstract
Mandates that merger, consolidation or transfer of business shall not diminish the wages, benefits and other employment terms and conditions of the affected employees; Seeks to oblige the acquiring or transferee employers to continue the employment of the transferor employer's employees during such instances. Aims to limit the ground for termination of employment in case of such business overhauls only to redundancy.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.