OVER one thousand Standard Bank employees whose demands earlier this year for an increment of 7.2% fell on deaf ears are planning to stage a national protest, the Bank Workers Union (BAWON) has announced.
According to BAWON Secretary General, Thomas Muchima, negotiations between the union and Standard Bank that have been ongoing since January this year at the Labour Commissioner’s office could not find common ground.
Standard bank is reportedly offering a 5.2% increase, which the union will not accept.
“From an economic point of view, commodities are increasing. We understand the economy is tough but these institutions continue to make money. These are conglomerates and they invest outside the country. They are shipping profits outside, yet they are not doing enough for their employees who are on the ground doing the job,” Muchima told Informanté.
BAWON represents standard bank employees only.
The intended national strike will cover the challenges that bank workers face. A press conference on the outcome of the conciliation between the workers and Standard Bank is scheduled for next week.
In 2017, Standard bank’s Chief Executive Officer, Vetumbuavi Mungunda, and Muchima signed the salaries and benefits agreement for a 7.10% increment for from March 2017 to February 2018.