SA banks facing biggest strike since 1920

SA's financial union Sasbo is threatening to strike. Courtesy #DStv403

JOHANNESBURG - South Africa's banking sector is facing one of its biggest strike actions since 1920.

The South African Society of Bank Officials (Sasbo) is planning to down tools over planned mass retrenchments.

READ: Standard Bank to cut thousands of jobs

The union has around 73,000 members across the country.

READ: Nedbank in talks with 1,500 staff over potential job cuts

General Secretary, Joel Kokela, says members will go on strike for two days next month. 

Union officials say all avenues to avoid mass job losses across the sector must first be explored.