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High passport fees may hinder Zimbabwe's remittance flows
The Zimbabwe Banks and Allied Workers Union (Zibawu) has raised concerns that the country's high passport fees could significantly impede remittance flows by restricting citizens' migration opportunit...Published: 18 Oct 2024 at 12:30hrs | 3919 | by Staff reporter
Zimbabwe bank workers, employers hammer out US dollar wage deal
Bank workers and their employers have agreed on a wage structure that would see salaries split into local currency and US dollars at a ratio of 60:40 percent respectively.The resolution was ma...Published: 05 Mar 2023 at 17:56hrs | 5 | by Staff reporter
Banks use RBZ excuse to dismiss demands for US dollar salary payments
BANK Employers Association of Zimbabwe (BEAZ) has allegedly claimed that the Reserve Bank of Zimbabwe (RBZ) does not allow the payment of US$-denominated salaries as a way to counter mounting pressure...Published: 12 Feb 2023 at 07:36hrs | | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 13 | by Staff reporter
Zimbabwe banking sector risks crippling strike over US$ salary portions
PLANS for a crippling strike are hovering above the country's banking sector following the recent denial by the employers' side to honour partial payment of US$ salaries, Zimbabwe Banks and Allied Wor...Published: 20 Oct 2022 at 06:01hrs | 1 | by Staff reporter
Bank workers appeal to Mthulisi Ncube for tax relief
THE Zimbabwe Banks and Allied Workers Union (Zibawu) has urged Finance minister Mthuli Ncube to raise the income tax free threshold in both foreign and local currencies in line with inflation and curr...Published: 05 Jun 2022 at 09:17hrs | | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 6 | by Staff reporter
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | | by Staff reporter
Bank workers reject Zimdollar salaries
THE Zimbabwe Banks and Allied Workers Union (Zibawu) yesterday threatened a crippling job action, as they escalated demands for United States dollar-indexed salaries.Bank workers have joined a...Published: 01 Feb 2022 at 05:32hrs | | by Staff reporter
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 10 | by Staff reporter
Jobs bloodbath at CBZ Holdings
FINANCIAL services giant, CBZ Holdings Limited has sent dozens of workers home after completing an extensive review of its business model, the second such bold move within a few months.NewsDay...Published: 06 Sep 2021 at 05:31hrs | 1 | by Staff reporter
Bank workers demand US dollars
THE Zimbabwe Banks and Allied Workers Union (Zibawu) says it has rejected a wage increase of about 350% tabled by employers during ongoing negotiations.According to Zibawu, the minimum wage in...Published: 27 Jan 2021 at 06:03hrs | | by Staff reporter
Stanbic in eye of 'wage theft' storm
STANBIC Bank Zimbabwe is facing its toughest moments in many years, after a key union approached the financial institution's South African headquartered parent, Standard Bank Group, raising a stink ov...Published: 01 Dec 2020 at 06:55hrs | 1 | by Staff reporter
First Capital Bank axes 120 workers
FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120 workers as the economic crisis continues to take a toll on the beleaguered financial services sector, NewsDay can exclusivel...Published: 05 Sep 2019 at 08:09hrs | 2 | by Staff reporter
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | | by Persistence Gwanyanya
Zimbabwe Nedbank employees to picket at the company's headquarters in South Africa
ZIMBABWE Banks and Allied Workers Union (Zibawu) has written to South Africa's NedBank giving notice of its intention to picket at its offices over what it argues is intransigence by the diversified g...Published: 26 Jul 2019 at 08:09hrs | | by newzimbabwe
CBZ Holdings retrenches
ZIMBABWE'S largest financial services group, CBZ Holdings (CBZH), has retrenched more than 100 employees as banks reel under the worsening economic environment, NewsDay can exclusively reveal....Published: 24 Jul 2019 at 08:15hrs | | by Staff reporter
ZCTU's money-spinning scheme exposed
The Zimbabwe Congress of Trade Unions (ZCTU)s' continuous calls for protests in the country have been exposed as a way of trying to position the body for the UNI Global Union's Breaking Through Award,...Published: 23 Jul 2019 at 08:08hrs | | by Staff reporter
Stanbic Bank pays workers advance wage to avert strike
STANBIC Bank Limited, a subsidiary of the South African based Standard Bank of South Africa Limited, advanced its employees ZWL$1 000 in allowances to avert a strike last week as the economic situatio...Published: 17 Jul 2019 at 07:48hrs | 1 | by Staff reporter
Zimbabwe bank employees demand US dollar salaries
BANK employees are pilling up pressure on their employers to pay salaries in United States dollars arguing that the local currency has become worthless."We are pushing for banks to pay the USD...Published: 03 Jun 2019 at 07:38hrs | | by Staff reporter
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | | by Staff reporter
Zimbabwe bank workers to protest police brutality
ZIMBABWE Banks and Allied Workers Union (Zibawu) will next week stage a demonstration in Harare against police's heavy-handedness in dealing with members of the public.The planned demonstratio...Published: 26 Sep 2018 at 08:50hrs | 2 | by Staff reporter
Knives out for POSB bosses
A major labour grouping in the financial services sector, has lined up a series of demonstrations against POSB's board and management over an array of allegations, chief among them incompetence. ...Published: 23 Aug 2018 at 06:23hrs | | by Staff reporter
Private sector could demand salary hike
The civil service salary increment may prompt workers in the private sector to demand pay hikes, according to analysts at IH Securities. Earlier this year, the Government increased civil serva...Published: 07 Aug 2018 at 07:09hrs | | by Staff reporter
'Zimbabwe banks ripping-off clients'
Employees in the financial and banking sector under the Zimbabwe Banks and Allied Workers Union (Zibawu) have accused banks of ripping-off clients while paying them slave wages.The workers, in...Published: 03 Jun 2018 at 15:28hrs | | by Staff reporter
Banking sector demands 60% pay rise
WORKERS in the banking sector are demanding a 60 percent salary increase and have given their employers a two-week ultimatum after which they will go on strike if their demands are not met.In ...Published: 23 May 2018 at 07:49hrs | | by Staff reporter
Bank employees threaten strike
Workers in the banking sector have issued a two-week ultimatum to their employers demanding a 60% salary increase or they will embark on a strike.The workers, represented by the Zimbabwe Banks...Published: 22 May 2018 at 06:25hrs | | by Staff reporter
Zanu-PF bigwigs bleed banks dry
Politicians, particularly the elite in Zanu-PF, are proving to be a thorn in the flesh for the financial services sector, with hardly a month passing without the Deputy Sheriff being called in to put ...Published: 19 Jun 2017 at 13:58hrs | | by Staff reporter
ZIBAWU sponsors 'Labour Writer of The Year' award
The Zimbabwe Banks and Allied Workers Union (ZIBAWU) will be sponsoring the Labour Writer of the year at this year's National Journalism and Media Awards(NJAMA).Zimbabwe Union of Journalists a...Published: 09 Oct 2016 at 08:46hrs | | by Stephen Jakes
Nkiwane set to step down
ZIMBABWE Congress of Trade Unions (ZCTU) president, George Nkiwane, will step down at the labour organisation's three day conference which kicks off in Harare today.Zimbabwe Banks and Allied W...Published: 29 Sep 2016 at 19:44hrs | | by Staff reporter
Banks told not to hide behind prescribed minimum payouts
THE Zimbabwe Banks and Allied Workers' Union (ZIBAWU) says financial institutions have the capacity to pay their former employees more than the prescribed minimum retrenchment payouts under the July 1...Published: 30 Aug 2016 at 06:39hrs | | by Oliver Kazunga
StanChart Zimbabwe exporting jobs to Kenya, India?
The Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) has accused Standard Chartered Zimbabwe of exporting jobs to its Kenyan and Indian counterparts by migrating a number of processes and servi...Published: 03 Feb 2016 at 06:17hrs | | by Staff reporter
Workers Union, Econet clash over salary cuts
Zimbabwe Banks and Allied Workers Union (Zibawu) is entangled in a bitter wrangle with Econet Wireless Zimbabwe (Econet)'s wholly owned subsidiary Steward Bank over the bank's decision to cut empl...Published: 10 Jul 2015 at 07:17hrs | | by Staff reporter
Calls for Stanbic boycott
The Zimbabwe Banks and Allied Workers Union has called for a boycott of Stanbic Bank as it presses ahead with its protracted collective job action against the bank over salaries and benefits dispute....Published: 17 Sep 2014 at 09:56hrs | 1 | by Staff reporter
Bank teller theft cases rise
Zimbabwe's financial services sector has been hard hit by white collar crime, with several bank tellers accused of stealing thousands of dollars.Several bank tellers have been dragged before t...Published: 08 Sep 2014 at 16:19hrs | 7 | by Staff reporter
Stanbic employees in protest for 10% salary increase
DOZENS of bank employees yesterday picketed Stanbic Bank headquarters in Harare to press management at the financial institution to pay its workers a 10% salary increase.The protests were orga...Published: 26 Aug 2014 at 08:36hrs | | by Staff Reporter
Standard Bank workers go on strike
Standard Bank (Stanbic) workers will today stage an industrial action at the financial institution's headquarters in Harare to press for 10% increase in salary and allowances, the Zimbabwe Banks and A...Published: 25 Aug 2014 at 08:29hrs | | by Staff reporter
Police bar ZIBAWU meeting - WhatsApp Update
13:24pm, 12 Jul - +263 77 *** ****: Gwanda police on Friday barred the Zimbabwe Banks and Allied Workers Union (ZIBAWU) Gwanda branch from holding...Published: 12 Jul 2014 at 17:02hrs | 1 | by Concerned Citizen
Protests at Barclays Bank Zimbabwe
The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned the Barclays bank to refrain from the alleged refusal to negotiate in good faith with employees on working conditions.http:/...Published: 26 Sep 2013 at 16:16hrs | | by Staff reporter
Zibawu protests against Barclays, NMB
The Zimbabwe Banks and Allied Workers Union says it will hold pickets against Barclays Bank while continuing with those against NMB Bank after negotiations for a salary increment for non-managerial wo...Published: 09 Sep 2013 at 05:26hrs | | by Business reporter
NMB labour unrest rages on
Labour unrest continues to rock NMB Bank Limited (NMB) with non-managerial staff giving the financial institution a fresh ultimatum after a botched strike attempt.The Zimbabwe Banks and Alli...Published: 10 Jul 2013 at 08:11hrs | | by Staff reporter
Industrials ends the week in positive territory on thin volumes
Industrials ended the first week of the second half of the year in the positive territory as heavyweights continued to recover albeit in thin volumes.The Industrials Index gained 1.62 points ...Published: 05 Jul 2013 at 10:27hrs | | by Business reporter
Strike looms at NMB Bank
NMB Bank says an impending industrial action by its non-managerial workers is unprocedural. "The intended job action is illegal and unnecessary. I don't believe our staff will embark on the c...Published: 05 Jul 2013 at 08:03hrs | | by Business reporter
Zimbabwe bank employees gets a salary increment, minimum salary $575 per month
The Zimbabwe Allied Workers' Union and the Bankers' Association of Zimbabwe have agreed on a minimum salary of $575 per month after protracted salary negotiations that began last year. Over ...Published: 17 Jun 2011 at 07:18hrs | | by Moyo Roy
Stanbic Bank Zimbabwe is on a 'strike notice'
Stanbic Bank Zimbabwe Limited is on a "strike notice", although management has countered this with threats of possible dismissal of defiant employees. The bank's workers had given notice of an...Published: 01 May 2011 at 06:43hrs | 1 | by Times
Zibawu gets a 30 percent salary rise for Banks employees
BANK workers have been awarded a 30 percent salary increase backdated to 1 July 2010 following a ruling passed by an arbitrator appointed by the Ministry of Labour and Social Welfare....Published: 26 Jan 2011 at 12:17hrs | | by Byo24News
Cash crunch looms as bank workers threaten strike
Zimbabweans must brace for a Christmas cash crunch if the country’s banking sector makes good their threat to strike next week....Published: 10 Dec 2010 at 13:33hrs | 1 | by Victoria
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