With the closure of 11,400 banking units across the country, the strike activity that has been shaking the banking sector for the past nine days shows no signs of diminishing. The National Confederation for Finance Sector workers (Contraf-CUT, attached to the main central union) has criticized a lack of willingness for dialogue by the National Brazilian Banking Federation (Fenaban) while negotiations are deadlocked.
Feneban’s offer of a 5.5% wage rise and a BRL 2,500 (€ 564) bonus is seen by the union as insufficient given the rise in the cost of living that has recently jumped because of the economic crisis hitting the country. The Contraf-CUT union has stated it will not accept any offer that does not cater for inflation (which has reached 9.8% since September when the last collective was signed). The union is calling for a 16% wage rise, or 5.7% in real terms. Feneban does not want to commit to higher w
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