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Economy / Brazil

Brazil

May 2012 | Risk Summary

A São Paulo metro strike lasted only five hours in late May, after bringing one of the country's largest public transit systems to a halt. While 8,000 of the nearly 9,000 subway workers walked out to demand a 20% pay raise, they ended up accepting a 6.1% wage hike, as well as increases in household food supplement allowances and meal vouchers. This followed major police strikes in Rio de Janiero, São Paulo and the state of Bahia earlier this year over wages, demonstrating the power of Brazil's unions and the substantial cost of labour in the country.

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