National Bank of Kenya. [Photo/nation.co.ke]
The National Bank of Kenya can now breathe a sigh of relief after being spared from paying 1 billion shillings to former employees whose exit was effected under a voluntary retirement programme but decided to sue the bank citing unfair termination.
NBK had been ordered by the Employment and Labour Relations Court in February this year to give the 190 employees around 1 billion shillings.
The order has now been overturned by the Court of Appeal.
The employees had argued that the National Bank of Kenya had accepted their Voluntary Early Retirement (VER) on grounds that were not fair.
Justice Mbaru had said that the employees were discriminated against and treated unfairly when they were sent on voluntary retirement.