This case has been cited 1 times or more.
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2008-08-22 |
AUSTRIA-MARTINEZ, J. |
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| That retrenchment is necessary to prevent losses and it is proven, by sufficient and convincing evidence such as the employer's financial statements audited by an independent and credible external auditor,[39] that such losses are substantial and not merely flimsy[40] and actual or reasonably imminent; [41] and that retrenchment is the only effective measure to prevent such imminent losses; [42] | |||||