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American Home Assurance Co., et al. vs NLRC

AMERICAN HOME ASSURANCE CO. and/or LESLIE J. MOUAT, President, petitioners, vs. NATIONAL LABOR RELATIONS COMMISSION, LABOR ARBITER PATRICIO P. LIBO-ON and ROMEO F. DE LEON, respondents.

G.R. No. 120043 | 1996-07-24

REGALADO, J.:


Private respondent Romeo F. De Leon was a branch manager of petitioner company's office in Caloocan City receiving a monthly salary of P12,000.00. 1 He started working in the company on June 1, 1974 and became the company's branch manager of its Caloocan office on January 1, 1986. 2 In their desire to streamline and restructure the company's organization and rationalize its operations, petitioners offered a Special Early Retirement Program (SERP) 3 to all its regular employees. The said program called for the voluntary separation/retirement of the employees in exchange for cash payments consisting of two months basic salary...