Brazil’s bank workers to begin unlimited nationwide strike
Economy
11:37 29/09/2010

Brazil’s bank workers to begin unlimited nationwide strike

Brazil's bank workers will begin an unlimited nationwide strike from Wednesday after voting on Tuesday night to reject an inflation-based 4.3 percent salary increase, a union leader said.

Bank workers are demanding an increase of 11 percent, improved profit sharing and other benefits and voted to strike after the National Bank Federation (Fenaban) failed to improve on its pay offer as the Bank Workers' Union had asked.

"The bankers directors have pushed bank workers into striking," said Juvandia Moreira, chairman of branch of the Bank Workers' Union that covers the city of Sao Paulo.

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Brazil’s bank workers to begin unlimited nationwide strike