Brazil's Longest-Ever Banking Strike Ends
Banks were reopening Friday in Brazil after a 31-day strike ended with employees getting some if not all of the pay rise demanded.
About half of bank branches around Brazil had shuttered for the longest strike in the sector's history. Employees had demanded a 15 percent pay increase, partly to offset Brazil's inflation, currently at 8.5 percent.
The Contraf-CUT union, which represents financial services workers, said in a statement late Thursday that members had accepted a deal that will give them a salary increase of eight percent this year and a one-off bonus of 3,500 reais (about $1,100).
They will receive boosts in food and childcare allowances, and salaries will be adjusted next year for inflation, plus a one percent increase.
Source: Agence France Presse
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