Australians may face limited access to cash in coming days, as the Transport Workers Union (TWU) has endorsed industrial action by cash-in-transit workers in Victoria and Tasmania. The move could cause major disruptions at ATMs, banks and retail businesses.
Strike Threat and “Cash Stops” Warning
The TWU said the strike stems from “crisis-level” safety concerns and unsustainable operating models in the cash handling industry involving providers like Armaguard and Prosegur. The union warned that if the dispute isn’t resolved, cash deliveries will be rolled back significantly.
The proposed measures include:
- Stopping overtime and weekend work
- Potential escalation to full 24-hour work stoppages over several days
Sam Lynch, TWU’s Victorian and Tasmanian Director of Organising, put it simply: “Cash stops when the strikes come into effect.”
Why the Dispute Has Escalated
The TWU says negotiations fell apart after banks delayed promised funding to improve safety conditions in the cash-in-transit sector. The union alleges that contracting pressures from large clients, including the major banks, have squeezed margins and worker protections.
Michael Kaine, TWU National Secretary, said: “Strike action is always a last resort, but over 500 workers have made it clear they need all industry participants to step up for a fair deal.”
Potential Real-World Impacts
With fewer cash deliveries, the following are at risk of disruption:
- ATM replenishment schedules
- Retailers reliant on cash payments
- Bank branches handling cash operations
In short: if cash-in-transit workers halt operations, the physical flow of money slows, and many consumers and merchants may feel the effects.
Expansion Beyond Victoria & Tasmania
Although Victoria and Tasmania are already targeted, the TWU notes that cash-in-transit workers in New South Wales and Queensland have also voted in favor of industrial action. Plans are underway to coordinate broader escalation if necessary.
What You Can Do
Some steps to take now:
- Withdraw cash earlier than usual, if you rely on it
- Use digital payment options where possible
- Watch for announcements from banks and cash delivery firms
- Check with your local branch or ATM supplier about service status
The TWU is pushing for responsible action from all stakeholders - including banks and retailers - to safeguard fair wages, safety, and the viability of physical cash services in Australia’s economy.
