Court upholds SBM Bank sackings after Chase and Fidelity acquisitions

An SBM Bank Kenya branch in Nairobi CBD.

Photo credit: File | Nation Media Group

The Employment and Labour Relations Court has affirmed the legality of SBM Bank Kenya’s mass redundancy exercise, ruling that the lender followed proper procedures when terminating 97 employees following its acquisitions of Chase Bank Kenya and Fidelity Commercial Bank.

The Eldoret court dismissed a lawsuit filed by a former SBM Bank operations manager who had challenged her termination through redundancy.

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