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    Sunday, 4 June 2017

    TUCZ demands workers’ stake in Barclays


    HARARE – Workers must be given the first right of  refusal in the sale of Barclays Bank of Zimbabwe in line with the country's indigenisation and empowerment policies, Trade Union Congress of Zimbabwe interim president, Angeline Chitambo has said.
    Chitambo said in a statement released to The Mirror on Wednesday that her organisation was shocked that workers were not informed of the sale of the Bank when negotiations with potential buyers were already under way.
    She accused Barclays management of not informing the workers and yet the consequences of such a transaction on labour were dire. She demanded that the Bank involve workers in the disposal of one of Zimbabwe's best performing banks.
    "It has come to our attention that First Merchant Bank is in talks with Barclays Zimbabwe with a view of FMB acquiring 68%. What shocks us is that despite the obvious negative impact on jobs, Barclays management has not bothered to inform the employees let alone consult them.
    "Our concerns arise from the fact that Section 2A (i) (e) of the Labour Act (Chapter 28:01) clearly entitles employees' participation in decisions affecting their interests at the workplace," said Chitambo.
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