- The Labour Court has ruled that planned protest action in the banking sector cannot proceed
- Judge Hilary Rabkin-Naicker has granted an interdict against the strike meant to take place on Friday
- Business Unity SA had filed an urgent application to stop retrenchment protests in the industry from taking place
The bank strike that has had South Africans stressing about being able to access their funding has been halted by the Labour Court on Thursday.
Briefly.co.za reported that SASBO general secretary Joe Kokela had urged citizens to withdraw funding ahead of Friday's planned protest.
However, Judge Hilary Rabkin-Naicker has granted Business Unity SA their urgent interdict against the strike. TimesLIVE reports that reasons for the ruling will be given at a later date.
The union had said that as many as 50 000 of its members would be taking part in the action, with a second protest planned for early October.
Kokela claimed that Standard Bank planned to retrench 6 000 employees, Nedbank 3 000 employees and ABSA 878 employees, reports Fin24.
However, both Standard Bank and Nedbank have denied the job cuts, despite the general secretary insisting his figures are correct.
Judge Rabkin-Naicker dubbed the protest action unlawful, urging the unions to warn workers that they would not be protected by the Labour Relations Act should they chose to proceed in any case.
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