Monday, October 25, 2010

Unions say they will fight Standard Bank’s retrenchment plans

By Lelethu Mquqo
25 October 2010

Trade unions say they hope to put measures in place to stop planned mass retrenchments by Standard Bank.

Finance union Sasbo, which represents 15 000 Standard Bank workers, says they are seeking legal opinion along with Solidarity in order to stop the dismissal of 1 500 bank employees.

Sasbo’s Eugene Ebersohn says they will meet with legal experts tomorrow to investigate ways to challenge the bank.

Last week Standard Bank announced the retrenchments as a way of cutting costs.

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