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SME Bank Inc. et al. vs. De Guzman, et al.

SME BANK INC., ABELARDO P. SAMSON, OLGA SAMSON and AURELIO VILLAFLOR, JR., Petitioners, vs. PEREGRIN T. DE GUZMAN, EDUARDO M. AGUSTIN, JR., ELICERIO GASPAR, , RICARDO GASPAR JR., EUFEMIA ROSETE, FIDEL ESPIRITU, SIMEON ESPIRITU, JR., and LIBERATO MANGOBA, G. R. No. 184517 ___________________________ SME BANK INC., ABELARDO P. SAMSON, OLGA SAMSON and AURELIO VILLAFLOR, JR., Petitioners, vs. ELICERIO GASPAR, RICARDO GASPAR, JR., EUFEMIA ROSETE, FIDEL ESPIRITU, · SIMEON ESPIRITU, JR., and LIBERATO MANGOBA, Respondents. G. R. No. 186641

G.R. No. 184517 and G.R. No. 186641 | 2013-10-08

EN BANC
 
D E C I S I O N
 
SERENO, CJ:
 
Security of tenure is a constitutionally guaranteed right.1 Employees may not be terminated from their regular employment except for just or authorized causes under the Labor Code2 and other pertinent laws. A mere change in the equity composition of a corporation is neither a just nor an authorized cause that would legally permit the dismissal of the corporation’s employees en masse.
 
Before this Court are consolidated Rule 45 Petitions for Review on Certiorari3 assailing the Decision4 and Resolution5 of the Court of Appeals (CA) in CA-G.R. SP No. 97510 and its Decision6 and...