STANBIC Bank Limited, a subsidiary of the South African
based Standard Bank of South Africa Limited, advanced its employees ZWL$1 000
in allowances to avert a strike last week as the economic situation continues
to deteriorate.
This paper understands that last Wednesday, employees from
both the Jason Moyo branch in Bulawayo and Nelson Mandela branch in Harare had
last week planned to camp in the banking halls in protest over poor salaries.
“We have been advised that they were paid an allowance,
which is an advance payment to be deducted from the July payday, just to
cushion the staff. Salary adjustments will be discussed in the next works
council,” Zimbabwe Banks and Allied Workers’ Union (Zibawu) secretary-general
Shepherd Ngandu told NewsDay.
Stanbic Bank confirmed that it was working on providing a
cushioning allowance to workers, but denied that a strike nearly occurred last
week.
“We are aware of the economic situation and its impact on
the general population, including our employees. As such, the bank is currently
working on sustainable solutions to cushion our employees against the
prevailing challenges. During this process, the leadership continues to engage
with employees on the same,” Stanbic, in emailed responses to NewsDay, said.
Standard Bank is present and operates in 18 African
countries. Newsday
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