Consultations between African Bank and Sasbo, as per section 189A of the LRA, facilitated by the CCMA, commenced on 30 May 2017.
The Bank presented their proposals, which entails contemplated redundancies and or headcount reduction of 650 employees in African Bank.
Following months of negotiation and consultation between African Bank and Sasbo, this through the CCMA-facilitated section 189A large scale restructuring consultations, the parties at the 3rd CCMA-facilitated consultation held on Tuesday, 18 July, finally reached agreement that African Bank will not proceed with contemplated forced retrenchments.
Sasbo the Finance Union, representing 70 000 banking and finance workers, is aligning itself with the Federation’s (Cosatu) decision to remove President Jacob Zuma as President of the Republic.
Young people from 47 different Unions, representing 33 countries from across the globe gathered in Cape Town, South Africa from 18-20 October 2016 as part of the UNI Youth World Conference and Global Organising Forum deliberations.
“Sasbo – The Finance Union representing some 70 000 banking and finance employees have expressed its support for the Banks’ decision to terminate their respective relationships with Oakbay Investments and the Gupta’s