Guillermo Parra-Bernal and Alberto Alerigi Jr – Reuters, 9/13/2012
Brazil’s bank workers will take to the streets next week to demand higher pay, the latest in a spree of labor disputes afflicting Latin America’s largest economy.
Banking employees in the country’s two largest cities and in as many as nine different states agreed to stop work on September 18 for an indefinite time, according to a statement by industry union Contraf.
The strike was called after talks with banks collapsed on Wednesday night when workers rejected a pay offer.
Contraf deemed as “insufficient” the banks’ offer to increase pay by 6 percent, or just 0.58 percent when taking into account trailing 12-month inflation.