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Development Bank Of The Philippines Vs. Nlrc, Et Al.

DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. NLRC and NATIONAL MINES AND ALLIED WORKERS UNION, respondents.

G.R. No. 97175 | 1993-05-18

D E C I S I O N


MELO, J.:

Before us is a petition to set aside the NLRC Decision dated November 28, 1990 (Annex "C", p. 41, Rollo), disposing as follows:

WHEREFORE, PREMISES CONSIDERED, the appealed decision is hereby set aside and a new judgment is entered, holding the Development Bank of the Philippines liable to the complainants for their separation pay to the extent of the proceed of the foreclosure sale, subject to the liquidation or bankruptcy proceeding that may be instituted against Midland Cement Corporation. (pp. 47-48, Rollo)

Herein private respondent labor union filed on January 10, 1986, a complaint, the allegations of...