5 000 Banking jobs saved by SASBO

The Banking Trade Union under COSATU, SASBO has secured the jobs of workers employed at the African Bank after it was put under a Curator.

‘We are pleased to have reached a Section 197 Collective Agreement to finalise the transfter of all workers from the ‘old’ African Bank to the ‘new’ African Bank’, said Myan Soobromoney, SASBO National Office ‘The transfer will benefit almost 5, 000 African Bank employees, of which the majority are SASBO members.

None of employees services were terminated’, argued Soobromoney ‘Significant progress has been registered towards an establishment of the new bank, with many meeting held with the Curator, Mr Tom Winterboer’, stressed Soobromoney

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