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Banking Unions Agree 3% Increases and Cancel Scheduled Strike for November 30

Summary by Jornal Expresso
The trade unions concerned with the UGT and the trade union of the cadres managed, at the time of the negotiation, to increase from a 2% increase, which the banks had agreed, to 3%, more than one percentage point than initially foreseen.

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Center

The trade unions concerned with the UGT and the trade union of the cadres managed, at the time of the negotiation, to increase from a 2% increase, which the banks had agreed, to 3%, more than one percentage point than initially foreseen.

·Paço de Arcos, Portugal
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Lean Right

The unions of the banking sector (More, SBC, SBN, UGT and SNQTB) have reached an agreement with the Portuguese Association of Banks (APB) and with the Central Mutual Agricultural Credit Box (CCAM) for a salary and pension update of 3% in 2026, announced today the union structure.

·Lisboa, Portugal
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Claims initiatives relating to institutions that are not covered by these understandings will continue.

The banking unions announced today an agreement with credit institutions for 3% increases in salary tables and pensions, canceling the strike of November 30.

·Portugal
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Sapo broke the news in Lisboa, Portugal on Wednesday, October 28, 2026.
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