{"id":79370,"date":"2023-06-21T11:13:56","date_gmt":"2023-06-21T09:13:56","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc"},"modified":"2023-06-21T14:34:07","modified_gmt":"2023-06-21T12:34:07","slug":"banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","title":{"rendered":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the negotiations around Standard Chartered Bank\u2019s takeover by FBC Holdings are being conducted.<\/p>\n

FBCH recently won the bid to acquire Standard Chartered Plc\u2019s Zimbabwean unit more than a year after the multinational banking group said it was exiting seven markets including Zimbabwe.<\/p>\n

Under the arrangement, FBCH will acquire 100% of the shareholding in and by extension, the custodial services business that is wholly owned by Standard Chartered Bank Zimbabwe.<\/p>\n

FBCH will continue to employ all of Standard Chartered Bank Zimbabwe\u2019s employees. The two banks will work closely in the coming months to provide a seamless transition for its clients and staff.<\/p>\n

But speaking to NewZimbabwe.com Tuesday, Zimbabwe Banks and Allied Workers Union (ZIBAWU) assistant secretary general, Shepherd Ngandu expressed dismay over the manner in which the affected employees and their representatives are being side-lined.<\/p>\n

He said the union has since made representations to the regulator raising concerns in anticipation of a timely redress over issues affecting the bank\u2019s workers but were shocked to learn that the sale is progressing.<\/p>\n

\u201cIt was our hope that the interests of all stakeholders including existing Stanchart workers as well as over the 700 pensioners would be taken into account but sadly not.<\/p>\n

\u201cWorkers have the right to be fully consulted and kept informed which did not happen. We still remain hopeful though that the stakeholders will be fully engaged and ensure that rights and interests are protected in the process,\u201d he said.<\/p>\n

Ngandu said over the years, Stanchart has sustained the record of an employer of low regard hence the need to come out clean on how exactly employees\u2019 concerns were going to be treated in the forthcoming arrangement.<\/p>\n

\u201cOur experience is that the outgoing bank\u2019s treatment of workers has always bordered on racial consideration and discrimination. In our view it treats African workers differently from European workers.<\/p>\n

\u201cThey would not have sold the bank in Europe without fully consulting the workers and the trade union as it did here,\u201d he said.<\/p>\n

Ngandu expressed hope that the local regulator and the purchaser will protect the rights and interests of Zimbabwean workers.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the negotiations around Standard Chartered Bank\u2019s takeover by FBC Holdings are being conducted. FBCH recently won the bid to acquire Standard Chartered Plc\u2019s Zimbabwean unit more than a year after the multinational banking group […]<\/p>\n","protected":false},"author":84,"featured_media":79369,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,19],"class_list":["post-79370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nBanks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC\" \/>\n<meta property=\"og:description\" content=\"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T09:13:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T12:34:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC\",\"datePublished\":\"2023-06-21T09:13:56+00:00\",\"dateModified\":\"2023-06-21T12:34:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\",\"name\":\"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg\",\"datePublished\":\"2023-06-21T09:13:56+00:00\",\"dateModified\":\"2023-06-21T12:34:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg\",\"width\":800,\"height\":588,\"caption\":\"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC - zimbabwe","description":"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","og_locale":"en_US","og_type":"article","og_title":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC","og_description":"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","og_site_name":"zimbabwe","article_published_time":"2023-06-21T09:13:56+00:00","article_modified_time":"2023-06-21T12:34:07+00:00","og_image":[{"width":800,"height":588,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC","datePublished":"2023-06-21T09:13:56+00:00","dateModified":"2023-06-21T12:34:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc"},"wordCount":391,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc","name":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg","datePublished":"2023-06-21T09:13:56+00:00","dateModified":"2023-06-21T12:34:07+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) have raised serious concerns over the secretive manner in which the ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687334549.463439.jpg","width":800,"height":588,"caption":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/banks-workers-union-criticizes-secrecy-around-stanchart-takeover-by-fbc#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Banks workers union criticizes \u2018secrecy\u2019 \u00a0around Stanchart takeover by FBC"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/79370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=79370"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/79370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/79369"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=79370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=79370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=79370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}