This case has been cited 1 times or more.
|
2013-10-08 |
SERENO, C.J. |
||||
| In asset sales, the rule is that the seller in good faith is authorized to dismiss the affected employees, but is liable for the payment of separation pay under the law.[63] The buyer in good faith, on the other hand, is not obliged to absorb the employees affected by the sale, nor is it liable for the payment of their claims.[64] The most that it may do, for reasons of public policy and social justice, is to give preference to the qualified separated personnel of the selling firm.[65] | |||||