Brazilian banking sector enters intensive labor negotiations

Banking workers and financial institutions in Brazil are engaged in intensive negotiations regarding the 2026 Collective Labor Convention. The movement, represented by the National Command of Bank Workers and Fenaban, is addressing several critical issues, including salary increases, profit-sharing (PLR), and improved meal and food vouchers.

Labor representatives are demanding an end to mass layoffs and branch closures. This follows reports of significant workforce reductions at Bradesco, which recorded a profit of R$ 24.6 billion in 2025 while simultaneously eliminating over 3,000 jobs and closing nearly 300 branches nationwide. In Maranhão, the union SEEB-MA reported 15 recent dismissals, prompting calls for job security during the current wage campaign.

Negotiations are also focusing on employee well-being, specifically addressing mental health issues linked to high-pressure sales targets and workplace harassment. At Santander, specific discussions involve mobility allowances, certification costs, and union access. Meanwhile, Banco do Brasil employees are seeking a R$ 2.28 billion investment to ensure the financial stability of the Cassi health plan. Additionally, protests have been organized in Brasília to defend the public nature and financial recovery of BRB.