South Africa
Business Unity SA wins court bid to interdict banking sector strike─── 11:02 Thu, 26 Sep 2019
The Labour Court in Braamfontein on Thursday granted an interdict sought by Business Unity South Africa against a strike called for Friday by labour federation Cosatu and its affiliate banking union Sasbo to protest job losses in the sector.
The strike call from Sasbo came in the wake of moves by South Africa's big four banks to downsize by closing some branches and merging others to align banking services.
Standard Bank closed 104 branches, affecting more than 1,000 jobs. Nedbank, FNB and Absa have also trimmed branches, with Absa reducing its own from 885 in 2011 to 698 in this year's first quarter.
ANA
