Spectrum Insurance Pays $6.8M for Unjust Redundancy | Jamaica News

Spectrum Insurance Brokers just got hit with a six-point-eight-million-dollar payout after the Industrial Disputes Tribunal ruled their 2019 redundancy of Claims Manager Laurel Smith was completely unjustified. Despite claiming financial hardship, the tribunal found the company’s profits actually rose from $17.3 million to $20.2 million in that year — and revenue surged too. Smith, who had no disciplinary record and whose performance was stellar, said the dismissal left him emotionally shattered and financially ruined, forcing him to sell his home. The tribunal slammed the company for failing to consult properly, make genuine efforts to avoid layoffs, or help Smith find new work — calling the whole process a sham that didn’t meet legal standards for fairness. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/88fc655aa5b2a522