finance industrial banking utilities commercial and agro processing industries trade union fibuca vs akiba commercial bank plc 2023 tzhcld 1447 22 september 2023
The Respondent had valid economic reasons for retrenchment, evidenced by financial losses, and followed statutory procedures for consultation and notice. There is no legal requirement for Board resolution prior to retrenchment. The Award of the Commission for Mediation and Arbitration is upheld.
Source excerpt
- Retrenchment
- Procedural fairness
- Consultation requirements
- Board resolution