StanChart ordered to re-calculate redundancy packages for 13
Published On June 27, 2022 » 933 Views» By Times Reporter » Latest News
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THE Lusaka High Court has ordered Standard Chartered Bank (StanChart) Zambia to re-calculate the redundancy package for its 13 former senior employees to reflect the car, airtime allowances and annual bonuses based on the formula used to arrive at the initial package.
Industrial Relations Divisions Court Judge, Egispo Mwansa said that the motor vehicles obtained by the 13 complainants were an incident of employment, thus, the employees’ benefit ought to have been taken into consideration by the bank during the redundancy process.

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