ATM cash run averted as strike ends

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.

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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7878 -0.0004 -0.05%
AUD 0.9091 0.0005 0.06%
EUR 0.6356 -0.0003 -0.05%
GBP 0.5032 0.0001 0.02%
HKD 6.1123 -0.0013 -0.02%
JPY 92.8410 0.0020 0.00%

Commods

Commodity Price Change Time
Gold Index 1201.1 7.660 2014-11-21T00:
Oil Brent 78.6 -0.120 2014-11-21T00:
Oil Nymex 76.5 0.690 2014-11-21T00:
Silver Index 16.4 0.260 2014-11-21T00:

Indices

Symbol Open High Last %
NZX 50 5526.9 5526.9 5526.9 -0.56%
NASDAQ 4751.0 4751.6 4701.9 0.24%
DAX 9521.2 9736.1 9484.0 2.62%
DJI 17721.0 17894.8 17719.0 0.51%
FTSE 6678.9 6773.1 6678.9 1.08%
HKSE 23353.7 23508.0 23349.6 0.37%
NI225 17285.7 17381.6 17300.9 0.33%