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Fired JPMorgan Trader Shows It Pays to Win Your Old Job Back

  • Re-hiring can mean millions more than unfair-dismissal award
  • U.K. tribunals cap winnings at 90,000 pounds in such cases
The offices of JPMorgan Chase & Co. in the Canary Wharf business and shopping district in London.

The offices of JPMorgan Chase & Co. in the Canary Wharf business and shopping district in London.

Photographer: Simon Dawson/Bloomberg

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Fired employees often want nothing more to do with their old boss, but high earners in the U.K. might just want to fight to get that job back.

For one JPMorgan Chase & Co. trader in London, getting a court ruling that he should be re-hired after a 2020 dismissal means millions of pounds of back pay. That compares with only winning a claim of unfair dismissal in the U.K., where payouts are usually capped at just under 90,000 pounds ($119,600).