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Johannesburg - Standard Bank Group [JSE:SBK] and Sasbo, a union representing employees in the financial sector, were told to talk to each other on Thursday morning over retrenchment plans before appearing in the Labour Court, a court official said.
Sasbo wanted the court to grant an urgent interdict against Standard Bank, to prevent it from firing staff.
The bank was planning to retrench 1 145 permanent employees and 600 contract staff in South Africa.
A court official said the parties were told to attempt to resolve the matter before they appeared in court at noon.
The bank said the retrenchments were necessary for its long-term sustainability.
Sasbo represents 15 400 employees at Standard Bank.
Sasbo wanted the court to grant an urgent interdict against Standard Bank, to prevent it from firing staff.
The bank was planning to retrench 1 145 permanent employees and 600 contract staff in South Africa.
A court official said the parties were told to attempt to resolve the matter before they appeared in court at noon.
The bank said the retrenchments were necessary for its long-term sustainability.
Sasbo represents 15 400 employees at Standard Bank.
