Cash-in-transit strike threatens to leave ATMs dry

Police inspect the scene of a cash-in-transit heist in Langlaagte. The Motor Transport Workers Union is demanding another person be added to teams transporting money and has applied for the sector to embark on strike action. Picture: Sibongumenzi Sibiyasector could see South Africa’s automated teller machines running dry.

“Banks will suffer major cashflow disruptions, leading to credit risks. Any supply chain disruptions, including ATMs, causes major losses, normally incurred by businesses and consumers, if not addressed,” said Kirsten. With the CIT strike threat made on an election month, Kirsten called for a quick resolution to the impending crisis.“Any type of labour unrest could have far-reaching implications capable of influencing voter sentiment, depending how quickly authorities handle it. Resolving the matter timeously to create stability will be key.”MTWU national organiser Musa Tshabalala said the safety of employees transporting money was “paramount”.

The union, an affiliate of the Federation of Unions of South Africa, intended serving a 48-hour notice on the CIT-affiliated companies Employers Association of MTWU’s intention to embark on the protected strike.

Source: News Formal (newsformal.com)

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