Bank unions cancel national strike after agreement for a 3% salary increase

Bank unions have canceled the planned national strike after reaching a 3% salary increase agreement for 2026. The deal was finalized after extensive negotiations with the Portuguese Banking Association and Credit Agricultural Mutual Banks. While most banks will implement the increase in November, BCP and Banco Montepio have not agreed to the terms, leaving the strike in place for these institutions. Unions emphasize that the negotiations prioritized the interests of bank workers and will continue to advocate for better working conditions and pensions.