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Home / Business / Companies / Banking and finance

ATMs in Auckland might run out of cash

NZME.
18 Aug, 2015 09:40 PM2 mins to read

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ATMs won't be replenished with cash while the guards are striking. Photo / Getty Images

ATMs won't be replenished with cash while the guards are striking. Photo / Getty Images

Aucklanders looking to withdraw cash from ATMs might be in trouble as security guards used to replenish ATM machines in the city go on strike.

Service and Food Workers Union Industry Leader Jill Ovens said the union gave written notice of the strike this morning after guards working for the security company ACM had left for their daily run.

At 10am, 28 guards will return their trucks to the company's East Tamaki base and walk off the job over stalled pay negotiations.

ATMs won't be replenished with cash while the guards are striking.

ASB Bank confirmed they used a different security firm that was not involved in any industrial action, so their ATMs were not affected.

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"Guards have wanted crew leaders to get more of an increase in their pay to recognise the high level of responsibility they carry," Ms Ovens said.

"They are exposed to huge dangers as they pick up millions of dollars from banks and large retail stores. In Australia, the same company's guards carry guns, but here in New Zealand they have to rely on the crew leader to keep them safe."

The company has offered all guards a 2 per cent pay increase and a further 1.4 per cent or consumer price index next year, whichever is greater.

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"When we learnt this morning that the major banks have reported core earnings of $3.5 billion in their first half results, it is offensive that they can't pass on better wages through their contractors to the people who keep their businesses operating," Ms Ovens said.

The guards are also frustrated with changes to their daily run, roster changes and overtime rates.

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