The TWU has welcomed a deal between cash-in-transit operator Armaguard and major banks and retailers to ensure the transportation of cash can continue for at least the next 12 months.
Approximately 1400 workers employed to move cash around the country have suffered uncertainty over recent months, with the loss-making industry and the TWU calling on banking clients to pay up to keep operations going.
TWU National Assistant Secretary Emily McMillan said:
“This deal is a welcome relief to our members who have faced months of uncertainty and troubling headlines about the future of their employer.
“While this news brings optimism of job security for the next year, wealthy banks and retailers must ensure the long-term viability of cash-in-transit operations by stopping the squeeze on transport contracts for a service our community needs.
“Regional communities and many in society still rely on cash transactions. It is a dangerous job to move money around this country, with armed hold-ups and workplace deaths tragically known to the industry. Cash-in-transit operations and drivers must be paid appropriately to avoid additional pressure to cut corners in safety to remain financially viable.”
