THE Lusaka High Court has dismissed a matter in which 30 managers sued Indo Bank Zambia Limited seeking a recalculation of their accrued benefits. However, only two of the 30 have succeeded in their claims, having signed the conditions of service before they were engaged with the bank. In this matter, Subulwa Leonard Maswenyeho and 29 others dragged the Bank to the High Court seeking a declaration that the unilateral migration by Indo Zambia Bank Limited from the January, 2020 conditions of service to the December, 2020 conditions of service was illegal, null and void. The 30 also wanted a declaration that the decision by Indo Zambia Bank Limited to calculate their accrued benefits at a rate of three months’...

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