Workers in Caixa Geral de Depósitos (CGD) began a strike on Monday, demanding that the salary scale and terms of financial expression be negotiated.

At 12 noon, they will also meet in front of the CGD headquarters in Lisbon.

The strike was called by the Caixa Geral de Depositos Workers’ Union (STEC).

On Friday, the National Federation of Banking Professionals and Technicians (SNQTB) and the Independent Banking Federation (SIB) joined the CGD workers’ strike, ensuring that the day’s wages are paid to its members.

In a statement, both SNQTB and SIB said they did not tolerate “mass dismissal or threat of job loss” and that “if it occurs, a new strike will be called immediately.”

It also demanded that union structures be informed of the restructuring operations carried out by banks (which means the departure of employees), indicating that they cannot be excluded from participating in these operations.

On July 27, Mais Sindicato and the Center’s Bank Workers’ Union (SBC) announced that the CGD had announced that it would begin in September to review the salary scale. The HEC continued to strike.

In the first half of the year, CGD reported a profit of €294 million, an increase of 18% over the same period last year.