Hundreds of former employees of the collapsed financial services giant Greensill Capital Management have been handed the right to millions of pounds in damages after it was found that the company failed to collectively consult with them on their redundancy.
The decision, which was made at Central London Employment Tribunal on Thursday, July 28, meant that all 277 claimants were granted the maximum award of 90 days’ pay, meaning they could be awarded as much as £4.5m in total from their former employer.
Of the 277 former members of staff, 205 were employed at the firm’s base in Daresbury, Cheshire, with the rest in London.
