Bank Workers Threaten To Go On Strike, Demand 60% Increment, Offered 3.4 %

The Zimbabwe Banks and Allied Workers Union (Zibawu) is threatening to go on strike after negotiations for a salary increment broke down. The workers are demanding 60 percent increment across the board while the Bankers Association of Zimbabwe (BAZ) has offered only 3.4 percent. A memo addressed to all Zibawu members reads,

We advise that after four meetings, we failed to agree on 2018 salary increments. We are demanding a 60 percent across the board increment premised on the outcome of our nationwide consultations. Our members justifiably demanded a substantial salary increase due to the dictates of the market. There are now about four tier prices for goods and services. Thus four different prices for bond notes, RTGS (real time gross settlement), mo-r bile money transfer and US dollar cash.

…In the meantime in order to set our plans in motion, we will be getting a notice to embark on collective job action.

Teachers are also threatening to go on strike when schools open although the government has warned them that their strike will be illegal and premature.

More: Financial Gazette