Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

sasboANA reports that financial sector union Sasbo on Wednesday condemned Nedbank for announcing plans to cut 3,000 jobs as a result of robotics.  The union also threatened "serious action plans" if the bank sidelined it in future decisions on staff.  

Nedbank last week said that it could possibly do away with 3,000 employees as a result of software robots, but that the job losses would be offset through the bank’s expected growth.  Nedbank has installed 59 software robots and plans to have 200 in place by the end of the year.  With about 32,000 staff, the bank said its natural attrition rate was about 3,000 per year.  Sasbo, which had previously held long exploratory talks with Nedbank on the impact of digitization and robotics, said in a statement:  "Sasbo is startled and disappointed that Nedbank turned to the media to release a condemning press statement of 3,000 jobs losses thereby causing major disturbances and confusion in the finance sector."  Sasbo has apparently written to the Nedbank chief executive demanding an explanation and challenging the bank to continue talks with the union in good faith.


Get other news reports at the SA Labour News home page