I recently resigned from my previous work and Signed a contract to supposed to be a new employment opportunity last 5 February 2016. My Start date was supposed to be on 14 Mar 2016 but unfortunately they called a week before my start date and I was advised about the dismemberment, termination of contract because they do not need our service anymore. I reviewed the contract and one of the paragraph States " The company reserves the right to pre terminate this agreement by early completion of the project or any phase of the project to which you are assigned or when your services are no longer necessary."
My questions are.
1.) do we have applicable law here in the Philippines that will protect employees regarding unjust termination of contract? Most of the newly hired recently resigned form their previous work, so technically we are now jobless.
2.) Will the clause that I stated will protect the employer from the breech of contract?
2.) If there are any liabilities of the employers to the employees, what are those?
Thank you very much in advance for your help!