This case has been cited 1 times or more.
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2006-02-22 |
CALLEJO, SR., J. |
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| What the law speaks of is serious business losses or financial reverses. Sliding incomes or decreasing gross revenues are not necessarily losses, much less serious business losses within the meaning of the law. The bare fact that an employer may have sustained a net loss, such loss, per se, absent any other evidence on its impact on the business, nor on expected losses that would have been incurred had operations been continued, may not amount to serious business losses mentioned in the law.[50] The employer must also show that its losses increased through a period of time and that the condition of the company will not likely improve in the near future. | |||||