Article 263 of the Labor Code is hereby amended to read as follows: "ART. 263. Voluntary arbitration.
Section 10
SEC. 10. Article 263 of the Labor Code is hereby amended to read as follows: "ART. 263. Voluntary arbitration.—All grievances referred to in the immediately preceding Article which are not settled through the grievance procedure provided in the collective agreement shall be referred to voluntary arbitration prescribed in said agreement: Provided, That termination disputes shall be governed by Article 278 of this Code, as amended, unless the parties agree to submit them to voluntary arbitration. "Every collective agreement shall designate in advance an arbitrator or panel of arbitrators chosen by the parties or include provisions on the procedure for the selection of such arbitrator or panel of arbitrators. The, Ministry shall compile a list of qualified arbitrators and make the same available to the parties. Such arbitrator or panel of arbitrators shall have exclusive original jurisdiction to hear and decide all unsettled grievances referred to in the immediately preceding paragraph. "Voluntary arbitration awards or decisions shall be final, unappealable, and executory."