cool-off period


In July of 2020, the United Kingdom’s Royal Bank of Scotland (RBS) introduced a new policy in its employee bonus plan, the Barclays to implement a 72-hour cool-off period on gambling spending. The goal of the plan was to encourage employees who enjoy gaming to take a break and spend time doing other things with their free time.

The policy was designed to allow employees to take the time to do things that would help them with their personal lives while still keeping up with their bonuses. Many employees found this program to be too restrictive for their time needs and have filed a class action lawsuit against the bank for breach of contract.

The lawsuit states that the bank had no right to impose these conditions since it was not in their best interests to do so since it was going to directly impact their personal life. They had a right to provide bonuses based on their contributions, performance and their skills.

Since bonuses were already tied to their salary, it did not make sense to tie bonuses to the amount of time they spend gambling. It was also not fair that bonuses that were earned in a given year would be lost when employees went out for vacation or simply spent more time playing the slots than at work.

The lawsuit seeks compensation for the time that was lost during this period because of not being able to continue working and gambling. Since they are currently fighting the class action lawsuit, the banksocial is not allowed to say much more about it.

They will not be allowed to give out any information on the new rules because the terms of the lawsuit have been allowed to remain confidential. The bank has until April 10th to file their answer in court or a motion to dismiss can be filed. Regardless, if the bank is able to show in court that this policy is in the best interest of the bank and its employees then they would win the case.