Bank workers across the world have been hit from all angles as a result of the financial crisis. That's why a recent victory for workers in one of SEIU's partner unions is such good news.
Following a ten-day strike, Brazilian bank workers have won an increase in wage and improvements in their working conditions, as a result of a wage accord between union leaders and banks October 9. The workers are members of Confederaçao Nacional dos Trabalhadores no Ramo Financeiro (CONTRAF).
In the settlement, workers accepted a 6 percent wage hike offered by the banks. The banks also will extend maternity leave for workers to 180 days, increase profit-sharing payments, and will offer other benefits. The workers asked for a 10 percent wage hike, while banks originally offered only 4.5 percent.
The Brazilian bank workers were confronted daily with anti-union practices imposed by the financial institutions operating in the country, suppressing the legitimate actions of workers in their national wage campaign. During the strike, one of CONTRAF's union leaders was violently taken to the district police in an attempt by lawyers to forcefully open a bank branch.
The strike left many consumers, especially in big cities, without key banking services. However, the strike had little effect on financial markets, which rely heavily on electronic systems.
Bank workers--in Brazil and worldwide--have been pressured by their employers to "sell, sell, sell," rather than to advise their customers. Then they are hit by massive job cuts and put out of work. Bank workers can sometimes be harassed by customers, who may blame them for the mess that big banks have made of their finances.
A delegation from SEIU, including Rocio Saenz, president of SEIU Local 615 in Boston, will be visiting Brazil the week of November 5 to visit with bank workers, celebrate their victory and learn about the country's ongoing banks campaign.
CONTRAFS is a member of the CUT (Central Unica dos Trabalhadores), with whom SEIU has partnered since 2005.








