A petition sent to the central bank acting governor
"We, the undersigned, being the workers of
"We are confident that with a curator being in charge, we would be assured that the interests of all stakeholders are protected rather than the current situation where management is belabouring on the notion that, because government has got shares in
Former RBZ governor
Following the unbundling of ZABG, Transport minister
But workers say the coming on board of Mpofu has not helped the bank in terms of liquidity as cash challenges have worsened.
"During the festive season staff members were on the receiving end when they interfaced with angry customers who queued to receive anything from meagre withdrawals to nothing daily from the bank. The problems have continued to the extent that workers are going for over a month without being paid salaries and they do not have a clue of when if ever they are going to be paid," the petition reads.
Workers allege the current management does not have a clear strategy on how to extricate the bank from the quagmire that it finds itself in.
"This organisation cannot turn around with the same old management that failed since 2005. Surely, there is nothing that they can bring to this organisation as they have become a liability and they cannot instill any confidence to the customers, shareholders and staff," the petition says.
The workers said management continued to make poor decisions, further worsening the precarious situation of the bank.
For instance, the bank is said to have purchased obsolete and incompatible ATMs, failed to unlock value from the assets which were injected by the shareholders and opened new branches without sufficient market research.
"The bank has failed to implement the 2013 collective bargaining agreement, failed to pay bonuses and is in arrears in terms of paying workers' salaries since
Employees say the organisation continues to be in serious default of remitting pension and Nssa dues thereby putting post-employment situation of employees at risk.
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