News Formal

Banking union Sasbo 'worried' about digitisation of industry

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The union has encouraged employees who are facing retrenchments at several banks to consider using their severance packages and other payouts to fund start-ups.

JOHANNESBURG - Banking union Sasbo says that while it is worried about the future of the industry in light of digitisation, the change also brings about new opportunities for employees who face an uncertain future.

Last week, Standard Bank announced 1,200 jobs could be on the line as it begins to streamline its retail business with plans to close 91 branches across the country over the next few months. Earlier this month, Absa entered into Section 189 negotiations with Sasbo, with 827 jobs on the line. Assistant general-secretary Eugene Ebersohn said: "But we’ve also been telling our members that these changes are coming in and the first thing a banking employee should do is be willing to change and then secondly, focus on skills. If you do a repetitive job, those are the types of jobs that will become dangerous to be in."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Another fine example of greed.

To late for that. This is the thin edge of the wedge.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court blocks mine union Amcu plans for industry-wide strikeAmcu has been on strike at Sibanye-Stillwater’s gold operations since mid-November in a pay dispute and wanted to extend the strike to at least 15 other companies. fuck amcu. The unions need to be broken. But the wANC are scared if them. Yooh this union mislead workers bona abasebenzi bazokusokolo
Source: ewnupdates - 🏆 30. / 53 Read more »

Unions react to potential job losses at Standard Bank | IOL Business ReportSouth African Federation of Trade Unions (Saftu) general secretary Zwelinzima Vavi said job losses in the banking sector was a race to the bottom. Its UNIONS fault that Big Businesses are whitling their labour force... Too many strikes when it is not needed. They have been reacting what do they do ultimately? Nothing story ends up in the air.. Unions need to be abolished. They're another factor killing the country.
Source: IOL - 🏆 46. / 51 Read more »