Brazil's São Paulo bank workers agree to end strike
SAO PAULO Oct 26 (Reuters) - Brazil's biggest banking industry union decided to accept a pay raise and end a three-week-old strike on Monday, halting one of the sector's most disruptive walkouts in years.
The Sindicato dos Bancários de São Paulo, Osasco e Região, the union covering Brazil's biggest city and financial hub, agreed to a 10 percent pay raise and 14 percent increase in food vouchers for the upcoming year, it said in a statement.
Consumer prices have risen nearly 10 percent in the past 12 months, even as the Brazilian economy slips into what is expected to be the first two-year recession since the 1930s. (Reporting by Caroline Stauffer; Editing by David Gregorio)
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