Solidarity launches Stop Absa campaign: "Today, tomorrow, goodbye"
Trade union Solidarity today announced it would be launching a massive campaign to put a stop to the retrenchments at Absa. The Stop Absa campaign's slogan will be "Today, tomorrow, goodbye".
The campaign will include, among other things, thousands of protest messages to Marcus Agius, the Chairman of Barclays in England. Solidarity will use Facebook, Twitter and YouTube videos to garner public support for the campaign.
The campaign comes after even more Absa employees received letters regarding the restructuring last week. Several employees' services will be terminated on 31 March 2012 and several others' services will be terminated on 13 May 2012. The total number of employees and posts that will be affected is not known, however.
"According to our information, Absa was instructed by Barclays to cut personnel costs by 10%. It is clear to us that Barclays' grip on Absa is getting tighter. Our focus will therefore shift to Barclays. We don't approve of a situation where the employees of a profitable South African bank subsidise a bank in England," said Dirk Hermann, Deputy General Secretary of Solidarity.
"Absa will be losing highly skilled personnel as a result of the latest restructuring. We are concerned that this pursuit of short-term gains will jeopardise the bank's sustainability in the long term," he added.