ZIMBABWEAN banks are under siege from ‘militant’ unions amid threats of ‘cat strikes’ at directors’ offices.
This comes as local financial institutions have been battling numerous challenges, including pressure from policymakers over service charges and liquidity problems arising from hiked statutory reserves – and just months after awarding their workers a 15 percent American dollar pay rise, which has been rejected by “greedy labour representatives” who are pushing for an extra 20 percent.