Brazil's ongoing bank employee entered its 30th day Oct.5, making it the longest one since 2004, the national financial workers unionContraf-CUT said.
The strike has shuttered 13,104 branches, or 55% of thecountry's branch count. The highest branch closings were registered Sept. 27when a record 57.5%of branches closed down that day. The union has accused the banks of employeerepression alleging that the police have been used on occasion to forceemployees to work in some places.
A new round of negotiations between banking federationFenaban and labor unions was set for Oct. 5. In its latest proposal, Fenabanoffered a bonus payment of 3,500 Brazilian reais and a 7% salary hike, butunions rejected the proposal and kept pushing for a 14.62% wage increase, amongother benefits.
Meanwhile, BTGPactual Group Chief Risk Officer André Fernandes said the strikehasn't impacted the liquidity of Brazil's banks as most transactions arecarried out via internet or mobile channels, O Estado de S. Paulo reported.
As of Oct. 4, US$1 wasequivalent to 3.22 Brazilian reais.