The prevailing cash shortages and the switch by financial institutions to electronic banking has resulted in banks hiring employees on a part-time basis, mainly bank tellers. Bankers Association of Zimbabwe (BAZ) president Dr Charity Jinya, was yet to respond at the time of publication. However, a souce who spoke to The Herald Business, said:
There is some sort of crisis in the banking sector in terms of employees’ welfare. With cash shortages appearing to be unrelenting, we have increasingly seen most banks resorting to hiring employees, in particular tellers, on a part-time basis because there is virtually nothing for them to do.
It is sad that people are going just like that, and even more painful is that the banks don’t seem keen to immediately pay termination packages but opt to keep employees on a temporary basis.
Zimbabwe Banks and Allied Workers Union (Zibawu) assistant general secretary Shepherd Ngandu said:
Our situation has been made worse by the shortage of cash in the banks, hence you see banks being manned by say three tellers or less instead of maybe eight or 10 tellers. Some banks have resorted to unethically abusing students from universities and colleges under the guise of attachment but in essence, as a source of cheap labour. These students have no rights and can be dispensed with easily.