Workers to intensify strike to "break" will of private, public sector banks

Monday, October 3, 2011

Brazilian bank workers plan on intensifying their ongoing strike to "break" the will of the country's private and public sector banks, local news agency Agência Estado reported.

Workers went on strike last week after talks with banking federation Fenaban broke down. Bank employees want a 12.8% salary increase, while their employers are offering 8%.

The top brass of the Contraf-CUT union will meet Tuesday (Apr 4) to discuss how to increase the pressure on banks. As a result of the strike, thousands of branches have been closed, and banks are advising customers to make more transactions through electronic means, such as the internet, ATMs and mobile phones.

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Contraf-CUT is also demanding greater profit-sharing for workers, better job security, more hiring of new employees and an end to work goals it deems as abusive, among other changes.