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Company Investment and Unreleased Pay

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1 Company Investment and Unreleased Pay on Thu Jun 16, 2011 2:25 pm

allstar_900


Arresto Menor
Dear Sir/Madam of this forum.

Im a newbie in this forum, and hihingi lang po sana ako ng advice regarding issues sa aming company. My problem po kasi is that na-delay delay na ang aming sweldo for 1.5 months now as every 15-30 po ang aming pay and puro promise lang ang ginagawa ng aming company sa amin mga employees wala naman din nangyayari.

My colleagues and I are thinking of going to DOLE to file a complaint as this is really becoming unacceptable and it is really affecting the financial situation of our family.

Another issue i have with the same company. My colleagues and I invested money in this company, they gave us a promise that our investment in the company will gain us interest (1 year term- like a time deposit). We have complete documentation and computation as to how much we invested and the amount that is due to us after the term. Problem is same as our salary, now that we are claiming they are only giving us promises and the money is being delayed from release. Wala po silang reasons only promises next week ng next week and puro delaying tactics.

Please advice naman po what can we do. Naiipit kami mga maliliit at kawawang employees habang ang mga owners ay napakaganda ng buhay with their luxury cars and rolexes.

Thank you very much in advance for the replies and more power po for this forum.

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2 Re: Company Investment and Unreleased Pay on Thu Jun 16, 2011 7:46 pm

attyLLL


moderator
is the company really losing? an investment has risk unless it's more of a loan with fixed interest


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3 Re: Company Investment and Unreleased Pay on Fri Jun 17, 2011 3:52 pm

allstar_900


Arresto Menor
thanks for your reply attyLLL.

well they claim that the company is losing but as far as we employees know, we have more projects today than before and the clients are paying on time, but still no salary for us. as to where the funds are going nobody knows... Sad

re: our investments they gave us a computation of fixed interest receivable after a 1 year term. we can claim the interest monthly or a lump sum after 1 year.

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4 Re: Company Investment and Unreleased Pay on Fri Jun 17, 2011 9:47 pm

attyLLL


moderator
you can report the matter to dole. they can receive anonymous complaints.


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Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
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