Ex-Barclays staff claim tricked into early retirement
4 months ago, 15 Aug 17:32
Former Barclays Bank of Kenya #ticker:BBK employees have moved to court accusing the lender of coercing and misleading them into agreeing to a voluntary retirement scheme.
The 80 ex-employees who retired between 2017 and this year further accused the bank of changing interest rates on their loans from staff to commercial rates, forcing them to dig deeper into their pockets to repay the debt.
“The change of the interest from staff to commercial rates left the claimants with loans that suddenly became expensive for the jobless ex-bankers, which offend the right to protection and the benefit of the law under Article 27 of the Constitution and the same is extremely harsh and unfair for senior ex-employees who cannot get employment easily,” states an affidavit filed in court.
Through Chigiti & Chigiti Advocates, the former bankers now want the Employment and Labour Relations Court to stop Barclays from charging the outstanding loans at commercial rates.
They also want the court to direct the bank to re-negotiate the voluntary exit schemes with full consultation, and “with the Labour Office within the due process dictates”.
The group includes members who worked for the lender for more than three decades in various capacities.
They accuse the lender of blocking their accounts and credit cards without notice after they accepted the retirement offer, crippling them economically and affecting their families. They also allege the bank forced them to surrender cars and/or clear all loans on very short notice.
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