Brazilian banks boost pay raise proposal as strike continues

October 23, 2015 5:59 PM

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SAO PAULO Oct 23 The group representing Brazil's commercial banks on Friday sweetened a proposal for an increase in salaries, benefits and bonuses for industry workers, who have been on strike for almost a month.

Fenaban, as the group is known, presented to representatives of unions a 10 percent pay raise and a 14 percent increase in food vouchers for the upcoming year, according to a statement. This is Fenaban's third proposal since Sept. 25, when workers decided to go on strike.

Also read: Workers at O'Hare Airport Expected to Strike Over Wages

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