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posting notices to this effect in conspicuous areas in the workplace is not enough. While SPI had
a valid ground to terminate its employees, i.e., closure of business, its failure to comply with the
proper procedure for termination renders it liable to pay the employee nominal damages for such
omission. Considering that SPI closed down its operations due to serious business losses and
that said closure appears to have been done in good faith, nominal damages to be awarded to
each of the minority employees was reduced from P50,000.00 to P10,000.00.