Most Standard Bank workers vote to strike
• Management pockets N$46.9 million in salaries• Bank reports N$1 billion profit Standard Bank Namibia employees have voted overwhelmingly in favour of protected industrial action, escalating a wage dispute that has been brewing for months. The Namibia Financial Institutions Union (Nafinu) on Wednesday announced that “91.7% of employees who participated in the strike ballot voted […] The post Most Standard Bank workers vote to strike appeared first on The Namibian .
• Management pockets N$46.9 million in salaries • Bank reports N$1 billion profit
Standard Bank Namibia employees have voted overwhelmingly in favour of protected industrial action, escalating a wage dispute that has been brewing for months.
The Namibia Financial Institutions Union (Nafinu) on Wednesday announced that “91.7% of employees who participated in the strike ballot voted in favour of a protected strike”, saying the outcome reflects growing frustration with the bank’s handling of salary negotiations.
The vote follows the collapse of negotiations over a 2026/27 wage agreement.
According to the union, the bargaining unit (non-managerial employees) consists of about 1 250 employees.
In response to the earlier deadlock, Standard Bank spokesperson Elzita Beukes said the bank had negotiated in good faith and tabled several offers that were rejected by the union after consultation with members.
She added that the “no work, no pay” principle would apply during any protected strike in line with the Labour Act.
