Home English Brazil bank workers settle after strike

Brazil bank workers settle after strike

Brazil bank workers settle after strike

SÃO PAOLO (BDCi) – A nationwide strike by Brazilian bank workers ended on Monday (6) after the workers accepted a counterproposal, smaller than what was originally sought.

The Confederação Nacional dos Trabalhadores do Ramo Financeiro agreed to an 8.5 percent nominal pay raise, as well as a bonus equal to wages for 2.2 months.

The Contraf-CUT confederation was seeking a 5.4 percent rise in pay, 14 months of wages per year and an increase in the value of food vouchers. A confederation leader says the value was increased.

The strike started on September 24 after eight rounds of talks between workers and banks failed to lead to a compromise.

Workers from some 50 different regions making up Brazil’s biggest metropolitan areas had joined the strike.

Just last year, both parties reached a stalemate during wage talks, sparking minor stoppages but no disruption of service.