For Special (Non-Working) Holidays November 1 and 2:
If an employee did not work, the “no work, no pay” principle shall apply unless there is a favorable company policy, practice, or collective bargaining agreement (CBA) granting payment on a special day.
For work done during the special day, the workers shall be paid an additional 30 percent of their daily rate on the first eight (8) hours of work. The Daily Rate x 130 percent plus COLA scheme will be observed.
For work done in excess of eight (8) hours (overtime work), the workers will be paid an additional 30 percent of their hourly rate on said day. The computation will be: hourly rate of the basic daily wage x 130 percent x 130 percent x number of hours worked.
