Republic
of the
Philippines
SUPREME
COURT
Manila
SECOND
DIVISION
THE
MANILA BANKING CORPORATION,
Petitioner,
G. R. No. L-62925
December 26, 1984
-versus-
TMBC
EMPLOYEES COUNCIL
and THE NATIONAL LABOR RELATIONS
COMMISSION,
Respondents.
R
E S O L U T I O N
ESCOLIN, J.:
The parties
submitted to this Court a Compromise
Agreement, the terms and conditions of which are as follows:
1. Without admitting any liability
and
in the interest of industrial peace and harmonious employer-employee
relation,
MANILA BANK, upon ratification by at least a majority of the general
membership
of TMBSCEC, and approval by the Supreme Court of this Agreement, agrees
to pay the sum of P2,500.00 to each of the remaining employees
appearing
in MANILA BANK's payroll as of September 30, 1984 who were covered by
the
1978-1981 CBA and who would be benefited should the Supreme Court rule
against MANILA BANK in G. R. No. 62925, which amount shall be applied
in
payment of the loan of P2,500.00 which MANILA BANK extended to each of
the covered employees in December 1983.
2. The foregoing payment shall be
considered
by TMBCEC, and TMBCEC expressly acknowledges and admits the said
payment, as the full and complete settlement and satisfaction of any
and
all claims which the employees and TMBCEC may have against MANILA
BANK for payment of the cost of living allowance under P. D. 1634 and
for
the unworked regular holidays.
3. During the forthcoming
negotiation for
renewal of the existing 1983-1985 CBA, MANILA BANK shall favorably
consider
the grant of P90.00 per month cost of living allowance to the employees
benefited by this Agreement.
Finding the
said compromise agreement not contrary
to law, morals or public policy, the Court hereby approves the same and
renders judgment in accordance therewith.
SO ORDERED.
Makasiar, Aquino,
Concepcion, Jr., Abad Santos,
and Cuevas, JJ., concur.
|
