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                    [Title] => CA okays SMC compensation deal
                    [Summary] => 

The Court of Appeals (CA) has approved a compromise agreement entered into by San Miguel Corp. (SMC) with its 30 managers and supervisors who resigned in 2002 after they were demoted.


Under the compromise agreement, SMC will pay more than P12 million to its 30 managers and supervisors as compensation.


The compensation is part of the compromise agreement entered into by SMC and its subsidiaries, San Miguel Foods Inc. (SMFI) and San Miguel Purefoods Corp., and the employees last May 26 in exchange for the dropping of any complaint against the company.


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LUZON POULTRY DIVISION

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                    [ArticleID] => 368728
                    [Title] => CA okays SMC compensation deal
                    [Summary] => 

The Court of Appeals (CA) has approved a compromise agreement entered into by San Miguel Corp. (SMC) with its 30 managers and supervisors who resigned in 2002 after they were demoted.


Under the compromise agreement, SMC will pay more than P12 million to its 30 managers and supervisors as compensation.


The compensation is part of the compromise agreement entered into by SMC and its subsidiaries, San Miguel Foods Inc. (SMFI) and San Miguel Purefoods Corp., and the employees last May 26 in exchange for the dropping of any complaint against the company.


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abtest

CA okays SMC compensation deal

November 14, 2006 - 12:00am

The Court of Appeals (CA) has approved a compromise agreement entered into by San Miguel Corp. (SMC) with its 30 managers and supervisors who resigned in 2002 after they were demoted. Under the compromise agreement,...

Headlines