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Following other banks, Caixa Econômica Federal workers in 5 states vote to end strike

Caixa EconômicaFederal's employees in five Brazilian states voted Oct. 7 to end a 32-daystrike, joining other banking sector employees across the country who an 8% wage increase on Oct.6 from banking federation Fenaban, the national financial workers union Contraf-CUTsaid.

Caixa's workers in the Brazilian states of Rio de Janeiro, SãoPaulo, Amapá, Bahia and Pernambuco were the only ones who had remained on strikeafter Fenaban's final proposalthat also included a 3,500 Brazilian reais bonus for 2016 and payment for employeesduring the 31 days of work stoppage, in addition to other benefits. For 2017, theagreement sets a salary hike aligned to the inflation index plus 1 percentage point.

As of Oct. 7, US$1 wasequivalent to 3.22 Brazilian reais.