WHAT IS THE EFFECT IF REINSTATEMENT IS NO LONGER PRACTICABLE?
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An employee who is unjustly dismissed from work shall be entitled to reinstatement
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The entitlement to reinstatement shall be without loss of seniority rights and other privileges
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If reinstatement is no longer possible, the unjustly dismissed employee is entitled to separation pay
WHAT IS AGRI-AGRA REFORM CREDIT ACT OF 2009?
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The State promotes rural development by enhancing access of the rural agricultural sector to financial services and programs
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Agricultural and agrarian reform credit consist of loan activities and purposes
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Banking institutions shall set aside at least twenty-five percent (25%) of their total loanable funds for agriculture and fisheries credit in general
INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS
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No rural bank shall be operated without a Certificate of Authority
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Non-Filipino citizens may become members of the Board of Directors of a rural bank
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Foreign equities may now be infused in the capital of rural banks
IS AN EMPLOYEE WHO WAS ILLEGALLY DISMISSED FROM EMPLOYMENT AUTOMATICALLY ENTITLED TO REINSTATEMENT?
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It is the duty of the employer to immediately comply with the order of reinstatement
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A reinstatement of an employee can be done either actually or through payroll reinstatement
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The reinstated employee has no duty to return or reimburse the salary he received during the period that the lower court or tribunal’s decision was for his illegal dismissal
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