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According to the National Confederation of Finance Sector Workers (Contraf/CUT), which coordinates the national movement and the negotiations, the strike takes place in 25 out of 26 states and in the Federal District, both in public and private banks.



Workers went on strike after the failure of the fifth round of negotiations with employers’ organisation Fenaban. Employers proposed a pay rise of 0.56%. Carlos Cordeiro, president of Contraf/CUT stated that the proposal included neither improvement in employment or working conditions, nor in health and safety conditions. Bank workers demanded a pay rise of 5.00%. In addition they call for the improvement in the sector’s wage floor, the better possibilities to participate to profit-sharing and job creation. Workers would like to stop the moral harassment as well as get rid of the massive sales targets. They demand also for more safety, equal opportunities and ending of precarious employment.



“With this strong strike we hope to resume negotiations with the banks and reach a decent result for workers. The banks’ profits in the first semester of 2011 show that they can meet workers’ demands and contribute more effectively to the country’s sustainable development”, pointed Cordeiro. Marcio Monzane, the head of UNI Finance was also at Contraf/CUT office in Sao Paulo on Tuesday expressing his support for the strike.