ATM cash run averted as strike ends

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Striking Armaguard Currency Management workers in Auckland and Wellington have agreed to go back to work - with minimum upheaval to money machine users. 

Forty ACM staff, who service bank ATM machines, walked off the job today over collective agreement negotiations.

The industrial action took banks by surprise and the Service and Food Workers Union stoked fears that ATMs might run out of cash.

Union spokeswoman Jill Ovens says the strikers will return to work tomorrow after assurances by management.

"The guys have made it very clear that unless they're happy with the outcome, they have shown they will strike."

Kiwibank says its machines might have run out of money in a couple of days if they weren't serviced.

Ms Ovens says an ACM manager and some cash processing staff topped up some ATMs today before the striker workers agreed to go back to work.

Many banks dropped Chubb in favour of ACM, an Australian company, in 2008.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6347 0.0030 0.47%
AUD 0.9039 0.0028 0.31%
EUR 0.5643 0.0049 0.88%
GBP 0.4146 0.0018 0.44%
HKD 4.9183 0.0206 0.42%
JPY 76.2160 0.5920 0.78%

Commods

Commodity Price Change Time
Gold Index 1139.3 5.270 2015-09-01T00:
Oil Brent 50.4 2.070 2015-09-01T00:
Oil Nymex 46.0 -3.780 2015-09-01T00:
Silver Index 14.6 0.034 2015-09-01T00:

Indices

Symbol Open High Last %
NZX 50 5660.0 5660.0 5655.0 -1.15%
NASDAQ 4704.4 4704.4 4636.1 1.22%
DAX 10060.3 10122.3 10015.6 0.32%
DJI 16058.4 16283.4 16058.4 1.15%
FTSE 6058.5 6161.7 6058.5 0.41%
HKSE 21101.4 21288.5 21185.4 -1.18%
NI225 17861.8 18467.4 18165.7 -0.39%