20 February 2009
Financial firm settles over sex discrimination claims
A firm has settled a claim made by an employee who accused it of sex discrimination, it has been revealed.
According to reports in Financial News, HgCapital - which was established in 2000 and is an investor in the European private equity market - came to an agreement with senior female director Jill Ridley-Smith days before her case was due to be heard in court.
Terms of the deal were not disclosed.
She had joined the firm in 2000 and became a director in 2005.
The case could be one of a considerable number of sex discrimination claims to be made during the recession in the UK.
According to the Financial News, experts predict an increase in the number of such claims as a result of the ongoing economic downturn.
Recently, Brendan Barber, general secretary of the Trades Union Congress, said that equality in UK workplaces should not be overlooked simply because we are in the midst of a recession.