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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Bank employees all over Brazil started a strike on Tuesday, October 6th, for an indefinite period of time, after salary negotiations stalled last week. Negotiations between bank workers unions and the National Federation of Banks (FENABAN) had been occurring for over forty days. The workers’ union asked for a sixteen percent salary increase while FENABAN offered only 5.5 percent.

Customers are encouraged to use online banking and ATM machines during bank strike, FENABAN, Rio de Janeiro, Brazil, Brazil News
Customers are encouraged to use online banking and ATM machines during bank strike, photo by Elza Fiuza/Agencia Brasil.

“The increase proposed by the banks are unimaginable,” Roberto Von Der Osten, president of the National Confederation of Financial Sector Workers (CONTRAF) was quoted as saying by Agencia Brasil. According to Von Der Osten workers want in addition to the wage increase, increased annual bonuses, better working conditions and guarantees there will be no massive layoffs.

FENABAN issued a statement stating that it was still open to negotiations. The employers federation stated that it would continue to supply currency to ATMs and recommended that consumers pay their bills on line or at banking units installed at post offices and lottery establishments.

According to daily O Globo all states in the country have reported bank branches closed. Union officials say they will only be able to have a clearer picture of how many branches did not open later on in the day. Last year bank employees crossed their arms for seven days between the end of September and beginning of October asking for a 12.5 percent wage increase. The strike ended with FENABAN agreeing to a 8.5 percent increase.

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5 COMMENTS

  1. Please how can some one in Brazil be able to transfer or receive money through Western Union or MoneyGram since all the Banks are closed(on strike)? I need a decent and urgent answer please.

  2. but still, my client cannot transfer money out of the country through MoneyGram or Western Union..saying the Banks are still on negotiation..This is so bad, i really am discouraged and would not take this risk again running any business with any Brazilian.

  3. Bank employees are some of the highest paid workers in Brazil the banks are quasi government run establishments and every year they strike for more. In the process crippling the Brazilian economy every year. If this happened in the US they would be fired and replacement workers would be hired to fill their jobs. Brazil wants to be a first world country yet they constantly act as a 3rd world one. This is one reason foreigners don’t invest in the country because of the yearly bank strikes it creates financial havoc . I have been here for 4 years and every year there has been a bank strike. Brazil wonders why the economy is so bad yet they are the cause of their problems by tolerating these yearly strikes and doing nothing constructive about it. Brazil you need to get with the rest of the world and strat acting like a 1st world country if you want to become one.

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