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TEBA BANK'S UNDERTAKINGS AT THE LABOUR COURT MADE ORDER OF THE COURT

Teba Bank's undertakings at Labour Court today were made an 'Order of the Court'.

In short the Bank had undertaken to meet the Union on Monday, 08 February 2010, to engage on this matter as per the Recognition Agreement until such time as the process is exhausted or does not yield any result, and that the Bank will not retrench or dismiss any employee without following due process which included the provisions of the Labour Relations Act.

68,000 strong banking and finance sector union, Sasbo earlier today reported that it had approached the Labour Court in Johannesburg to obtain an urgent interdict against Teba Bank to stop coercing their staff to accept proposed changes to terms and conditions of employment or face retrenchment by 1 March 2010.

Essentially the union had asked the court to prohibit and stop the bank from unfairly and unduly pressurising their employees to accept changes to terms and conditions of employment that would drastically reduce employees' take home pay, to compel the bank to return to the collective bargaining process in terms of the recognition agreement between the parties and to stop the bank from unfairly dismissing those employees who do not agree to the changes.

Both applications were before the Labour Court in Johannesburg earlier today, Friday 05 February 2010.

'I am satisfied, given the Bank's undertakings (made an order of the Court), that we can urgently resume negotiations on the matter, which I believe is in the best interests of both parties' say National Secretary Myan Soobramoney.

Contacts:
Myan Soobramoney National Secretary, Tel 011 467 0192, Cell 084 505 1904
Ben Venter, Deputy General Secretary, Cell 083 407 8335
Shaun Oelschig, General Secretary, Cell 083 306 0473

FINANCE UNION SEEKS URGENT INTERDICT AGAINST TEBA BANK

Sasbo, The Finance Union, has approached the Labour Court to obtain an urgent interdict against Teba Bank to stop coercing their staff to accept proposed changes to conditions of employment or face retrenchment by 1 March 2010.

The union has asked the court to prohibit and stop the bank from unfairly and unduly pressurising their employees to accept changes to terms and conditions of employment that would drastically reduce employees' take home pay, to compel the bank to return to the collective bargaining process in terms of the recognition agreement between the parties and to stop the bank from unfairly dismissing those employees who do not agree to the changes.

Teba Bank and Sasbo, the recognised union within Teba Bank, have, since May last year, been engaged in negotiations regarding the amendments to terms and conditions of employment that would see many of the bank's more junior workers having to make do with up to R1 500-00 less in allowances and overtime pay per month.

After negotiations between the parties on 25 January 2010 had adjourned, with the union expecting the bank to revert to them in the negotiating forum about proposals it had tabled in the forum, the bank decided to advise its employees on 28 January 2010 that they (the bank) believed that negotiations with their union had been exhausted and requested workers to decide and irrevocably indicate, by 29 January, if they accepted the proposed changes to terms and conditions of employment or face retrenchment by 1 March 2010.

The union believes the bank's actions undermine legitimate collective bargaining processes, are in contravention of agreed negotiation and dispute resolution procedures, and are illegitimate and an act in utmost bad faith.

'Such harsh and tyrannical industrial relations practices and tactics, may have been acceptable back in the days of slavery, but they have absolutely no place in the modern, enlightened and progressive 21st century', says Shaun Oelschig, Sasbo General Secretary.

The matter has been set down/will be heard in the labour court today at 10:00 am.

Contacts:
Myan Soobramoney National Secretary, Tel 011 467 0192, Cell 084 505 1904
Ben Venter, Deputy General Secretary, Cell 083 407 8335
Shaun Oelschig, General Secretary, Cell 083 306 0473

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