On 29 August, following weeks of protracted negotiations, (c.f. article No. 10775), representatives of the public and private sector banking employees came to agreement with FEBRABAN, the Brazilian Federation of Banks, over salaries and renewal of the collective agreement. A 5% salary increase was secured that covers inflation and provides for a real increase of 1.18%, outstripping the +0.97% national average to date.
Following the agreement a new collective agreement was signed on 31 August in São Paulo that will run for 2 years until 31 August 2020. Likewise specific company agreements were signed for the semi-state and state banks, Banco do Brasil (BB) and Caixa Econômica.
After ten or so meetings with FEBRABAN since June 2018, the trade union coalition, called the Comando Nacional, has welcomed the advantages recently secured, especially given the complex situation facing the trade union organizations in
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