Authorization

Some Brazilian banks end their strike

Some Brazilian banks end their strikeWorkers at Brazil's private banks and state-run Banco do Brasil on Thursday ended a 31-day strike, Reuters reported, citing the nation's biggest banking industry union, the Sindicato dos Bancários de São Paulo, Osasco e Região.

Workers accepted a proposal made by the National Banking Federation (Febraban) of an annual wage increase of 8 percent, implying an inflation-adjusted gain of 1 percent, a statement from the union said. The agreement ends the longest banking sector strike since 2004.

Under the proposal adopted by the workers, which is valid for two years, food and child care allowances will be raised by 10 percent and 15 percent, respectively.

Workers at state-run Caixa Econômica Federal, Brazil's largest mortgage lender, refused the offer and will continue to strike, the statement added.

Banks and unions tussle over pay raises at this time every year, usually followed by short-lived strikes that seldom disrupt branch services.
.
See also:
Leave a comment
TOP Video
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Декабрь 2016    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031