The Union of Bank Workers of São Paulo, Osasco and Region said this Wednesday (19) that the determination of the Central Bank of Master Bank liquidation expected to impact 515 workers and 12 million customers. The body also analyzes the possible indirect effects on Will Bank, which is part of the Master conglomerate.
In an official note, the union warns that it “remains attentive, demanding transparency and seeking all necessary information to protect workers’ rights and ensure that any action strictly follows the category’s Collective Labor Convention (CCT) and current legislation.”
The association also says it hopes that “solutions include protecting the employment of workers, who cannot be penalized for acts carried out by bank managers.”
Follow EBC’s complete coverage at COP30
End of Master
Last Tuesday (18), the Central Bank formalized the extrajudicial liquidation of Banco Master. The decision is related to Operation Compliance Zerowhich investigates and combats the issuance of securities fake credits by institutions that are part of the National Financial System.
The measure resulted in arrest of the entity’s ownerDaniel Vorcaro, at Guarulhos Airport on Monday night (17). The company was suspected of creating false credit operations, simulating loans and other amounts receivable.
The operation also caused the temporary removal of the president of BRB bank, Paulo Henrique Costaand the institution’s director of Finance and Controllership, Dario Oswaldo Garcia Junior, by court decree.
The Federal District state bank had announced in March this year its intention to buy Master for R$2 billion, however, the operation was not authorized by the Central Bank.
*Intern at Agência Brasil under the supervision of Odair Braz Junior
