Tag: Mass Layoffs
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Itaú Faces Legal Action from Banking Union Over Mass Layoffs
Introduction The recent mass layoffs at Itaú, one of Brazil’s largest banks, have sparked significant controversy and legal action. In a bold move, the Sindicato dos Bancários (Banking Union) has decided to take the issue to court, arguing that these layoffs are unjustifiable given the bank’s impressive profits. This article delves into the reasons behind…
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Itaú’s Mass Layoffs Spark Legal Actions by Bank Workers Union
Itaú’s Controversial Decision The recent announcement of mass layoffs at Itaú has ignited significant controversy. The Sindicato dos Bancários, representing bank workers, has taken legal action against the bank following this decision. The union argues that such cuts are unjustifiable, especially considering that Itaú reported a staggering profit of over R$ 22.6 billion in the…