Banker fired at 42 wins age case against CIBC
Elizabeth Judge
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 redundancy programme in the marketing team in May 2008.
However, the tribunal held that the criteria for a new marketing executive, set out in an internal memo, included a stipulation that the person should fit a "younger, entrepreneurial profile".
The bank, it said, had provided an "unconvincing" explanation for its use of the word "younger", by which, it claimed, it meant simply less experienced.
The bank claimed that the word "was included together with the word 'entrepreneurial' by way of a comparison with a headline-profile rainmaker to explain that the ideal target candidate for the .. role would not be an expensive senior figurehead".
The tribunal was told that the word "younger" was used despite the bank's head of London human resources describing it as "inappropriate".
The case comes amid a steady rise in the number of age discrimination cases being taken to tribunals. The figure has jumped from 972 in 2006-07 to 2,949 in 2007-08 and 3,801 in 2008-09.
Andrew Harrop, head of public policy for Age Concern and Help the Aged, said: "The outcome of this case is not only good news for Achim Beck, but for all those who face age discrimination at work. We hope it will give other people the confidence to challenge employers if they feel they are the victim of ageist attitudes."
Mr Harrop said that too many "dedicated and experienced employees" were being forced out because of their age rather than a lack of ability.
Mr Beck's related claims of direct and indirect race discrimination were dismissed.
CIBC was not immediately available for comment.
The value of awards will be decided at a later hearing unless the two parties reach agreement before then.
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Article Reference: business.timesonline .co.uk/tol/business/industry_sectors/banking_and_finance/article6970455.ece
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