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Not too many companies can lay claim to a history dating back 175 years. In the Philippines, there is Ayala. The factors behind its enduring strength and success bear emulation as businesses struggle to survive in a difficult year.
                    [DatePublished] => 2009-03-10 00:00:00
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                    [ArticleID] => 241022
                    [Title] => On the diminution of employee benefits
                    [Summary] => More and more employers now ask: "Business conditions are now very much different from when we had the luxury of being too generous to our employees. Can we now stop giving benefits which we can no longer afford to continue paying?"


Unfortunately for employers, the answer is not as easy as a simple yes or no.


The pertinent provision of the Labor Code reads:


                    [DatePublished] => 2004-03-02 00:00:00
                    [ColumnID] => 135291
                    [Focus] => 0
                    [AuthorID] => 1657074
                    [AuthorName] => POINT OF LAW By  Atty. Emerico O. De Guzman
                    [SectionName] => Business
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GLOBE MACKAY CABLE

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                    [Title] => EDITORIAL - Innovation and responsibility
                    [Summary] => 
Not too many companies can lay claim to a history dating back 175 years. In the Philippines, there is Ayala. The factors behind its enduring strength and success bear emulation as businesses struggle to survive in a difficult year.
                    [DatePublished] => 2009-03-10 00:00:00
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                    [ArticleID] => 241022
                    [Title] => On the diminution of employee benefits
                    [Summary] => More and more employers now ask: "Business conditions are now very much different from when we had the luxury of being too generous to our employees. Can we now stop giving benefits which we can no longer afford to continue paying?"


Unfortunately for employers, the answer is not as easy as a simple yes or no.


The pertinent provision of the Labor Code reads:


                    [DatePublished] => 2004-03-02 00:00:00
                    [ColumnID] => 135291
                    [Focus] => 0
                    [AuthorID] => 1657074
                    [AuthorName] => POINT OF LAW By  Atty. Emerico O. De Guzman
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abtest

EDITORIAL - Innovation and responsibility

March 10, 2009 - 12:00am

Not too many companies can lay claim to a history dating back 175 years. In the Philippines, there is Ayala. The factors behind its enduring strength and success bear emulation as businesses struggle to survive in...

Opinion

On the diminution of employee benefits

By POINT OF LAW By Atty. Emerico O. De Guzman | March 2, 2004 - 12:00am

More and more employers now ask: "Business conditions are now very much different from when we had the luxury of being too generous to our employees. Can we now stop giving benefits which we can no longer afford...

Business