Union threatens ‘financial institution shutdown’ over retrenchments
Banking union Sasbo is threatening to shut down the country’s financial institutions during a two-day strike against retrenchments in the sector.
This comes amid reports of potential job losses and Nedbank, Standard Bank and Absa.
Sasbo secretary-general Joe Kokela claims the retrenchments are nothing more than corporate greed.
“The banks are so worried to tell us of their operational requirements, but we are aware it is not about operational requirements and that it is about the Fourth Industrial Revolution.
We made it clear that we are not oblivious to the changing world of work, the impact of technology, and the introduction of the digital and data transformation, but enough is enough. Our stance is to discipline the banks and we make sure there are no job losses.”
The union claims to represent some 70 000 workers in the financial sector.
“We cannot continue to be an innocent bystander in seeing our members losing their jobs on a regular basis,” Kokela says.
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SASBO have yet to finalise the dates of the protests.