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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.

“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 . . .

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