Brazilian bank workers sign new collective agreement through 2028

The National Command of Bank Workers and the National Federation of Banks (Fenaban) have signed a new Collective Bargaining Agreement (CCT) in São Paulo, valid until August 31, 2028.

The agreement includes a real wage increase of 0.6% on top of the INPC inflation adjustment for salaries and various benefits, such as food vouchers, meal vouchers, childcare assistance, and profit sharing (PLR). This results in a cumulative real increase of 1.2% over two years. Additionally, workers are scheduled to receive the first installment of the 2026 PLR advance by the end of September.

Beyond economic terms, the new agreement introduces advancements in worker health and digital rights. These include discussions on ethical technology management, the right to disconnect, and addressing psychosocial risks to prevent mental illness in the workplace. Juvandia Moreira, president of Contraf-CUT, noted that the agreement is estimated to add approximately R$ 6.9 billion annually to workers' earnings.