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 0.7452 -0.0011 -0.15%
AUD 0.9419 0.0011 0.12%
EUR 0.6642 -0.0005 -0.08%
GBP 0.4962 -0.0001 -0.02%
HKD 5.7807 0.0008 0.01%
JPY 87.7610 -0.0020 -0.00%

Commods

Commodity Price Change Time
Gold Index 1292.6 -7.090 2015-01-23T00:
Oil Brent 49.9 0.320 2015-01-23T00:
Oil Nymex 45.6 -0.820 2015-01-23T00:
Silver Index 18.3 -0.060 2015-01-23T00:

Indices

Symbol Open High Last %
NZX 50 5647.1 5713.3 5711.9 -0.64%
NASDAQ 4748.2 4771.2 4750.4 0.16%
DAX 10503.3 10704.3 10435.6 2.05%
DJI 17812.5 17812.5 17814.0 -0.79%
FTSE 6796.6 6841.7 6796.6 0.53%
HKSE 24807.4 24896.2 24522.6 1.34%
NI225 17520.6 17532.1 17329.0 1.05%