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Some of the foreign leading figures would appear far too generous towards some of their Malagasy partners, a matter of fact which has intensely been annoying the audience for a while so far. Pay rise happens to be merely the best cover up to this outbreak of slumbering wrath. The BFV bank’s employees already went in for a 48 hours long warning strike in February, but negotiations must have fallen through. The BFV used to be a public bank, privatized some fifteen years ago, and acquired by Societe Generale. This is the first strike ever recorded since the 1990s in any of the privatized Malagasy banks. As one of its immediate side effects, queuing during an eternity at the bank’s ATMs (cash points) has become widespread
The BFV Société Générale bank’s employees tackled an unlimited strike from March, 5th on. The triggering issue: a wage related conflict. The employees required a plus 30 percent rise on their paycheck, and merely got 10 percent instead. However, various other more far reaching issues actually happen to be stirring trouble within the bank. Some employees seem to be outraged by the way chosen by the expatriated heads of the BFV bank, the French firm Societe Generale’s local branch