Banker fired at 42 wins age case against CIBC
Times: A 42-year-old London-based banker has won an age discrimination ruling against one of Canada’s largest banks after being declared redundant during the credit crisis last year.
The London South Employment Tribunal upheld Achim Beck’s case for age discrimination after deciding that the Canadian Imperial Bank of Commerce (CIBC) had been unable to demonstrate that its decision to dismiss him “was not significantly influenced by his age”.
The bank is facing a potentially large payout after the case, which anti-ageism groups described as a victory “for all those who face age discrimination at work”.
Mr Beck, a German national, was head of marketing for the CIBC, earning about £900,000 a year. He was shed by the company ostensibly as part of a broader redunda