After 30 Days, No End in Sight for Brazil’s National Bank Strike

Signs say: Bank workers on strike - ABr Brazil’s banking strike has just reached 30 days this Wednesday (October 5) and is already as long as the strike of 2004, which was the longest in history.

According to the note issued by the National Confederation of Financial Sector Workers, more than 13,000 bank branches and 44 administrative centers have stopped their activities.

“This figure represents 55% of total branches throughout Brazil,” says the confederation’s note.

The workers demand a pay rise of 14.78%, profit and results sharing equivalent to 3 wages plus US$ 2,583, minimum salary of US$ 1,223 and benefits.

Signs say: Bank workers on strike - ABr

The National Bank Federation has offered a pay rise of 7% along with a one-time payment valued at US$ 1,086.86 for each worker, with a real increase of 0.5% for 2017.

According to the federation, the total shown in the proposal for 2016 “leads to real increase in the income of the vast majority of workers.”

“If the sector was in crisis, we would agree to make a different negotiation, but it is not. They have to increase this proposal,” said Juvandia Moreira, president of the trade union of São Paulo.

The strike was called following more than 40 days of negotiations between workers’ representatives and the National Federation of Banks (FENABAN) without reaching an agreement.

“The pay rise the banks are offering is unimaginable,” said Robert von der Osten, chairman of the National Confederation of Financial Industry Workers (CONTRAF), who listed other demands, including “job security, better working conditions by easing off on the excessively high targets that are placing health strains on workers, and equal opportunities.”

In a statement, FENABAN said it remains open for negotiations, adding that the offer it made to the workers includes profit sharing for employees.

The organization noted that the population will be able to use ATMs or online, mobile and telephone banking during the strike, or go to accredited locations for cash withdrawals, payments, and other financial transactions.

No Solution

After one month of strike there is no solution in sight to the conflict.

The strike in course equals that of 2004, when for the first time there were negotiation tables unified between public and private banks, but is still far from reaching the record established in 1951. Then the sector kept paralyzed for 69 days.

Despite the action from bankers, who in some regions put policemen to pressure and force workers to do their work, mobilization continues strong, highlighted Contraf president, Roberto von der Osten.

The offer from the banks, said von der Osten, was rejected by the National Command of Bank Workers because it is not enough and would represent losses for workers, as it does not even cover the accumulated inflation.

Statements made in São Paulo by the national president of the Unified Workers’ Central (CUT) of Brazil, Vagner Freitas, blame the government of Michel Temer of being a ‘hidden’ protagonist in the attempt of the financial sector to reduce salaries.

“Banks are joining the executive to defeat the policy of salary replacement, which is the real intention of this coup government for all the categories,” sustained Freitas.

He stressed that bank workers are being punished by a government that wants to apply an economic policy aimed to sweep away the rights of workers using as excuse a false austerity.

ABr/PL

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

By Planting Eucalyptus, Espírito Santo State in Brazil Is Creating an Immense Green Desert

The spread of desertification and increasing scarcity of water amid eucalyptus monocultures in the ...

Brazil Believes Privatizing Federal Assets Is the Only Way Out of the Hole

Brazil’s new government has announced a multibillion dollar privatization plan in an attempt to ...

Who can live with these prices?

When Brazilians kissed inflation goodbye last year they have also entered a dangerous level ...

Pelourinho plaza in Salvador, Bahia state, Brazil - Photo by André Urel/Wikipedia

Brazil to End Reciprocity Rule and Allow Americans to Enter Country Without a Visa

Brazil plans to eliminate visitor visas for Americans, the country’s tourism minister informed, as ...

Oil Rig

Brazil’s Black-Gold Fortune Was Nothing But Fool’s Gold

The process of growth and modernization in Brazil in the last fifteen years has ...

Brazil Grows 6% in First Half and Expects 5.5% Growth in 2008

According to the latest release from the IBGE (Brazilian Institute of Geography and Statistics). ...

Brazil Lula Blames Global Instability on US’s Casino Mentality

The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported ...