Caixa wants 1,300 national directors to return profit sharing (PLR) paid in 2022
Caixa Econômica Federal wants its more than 1,300 employees holding national management positions to give back a portion of their profit sharing (PLR). Payments were made in advance in September 2022, however, the positive balance of the public bank was R$9.2 billion, below schedule.
Net accounting income in 2022 decreased by 43.4% compared to 2021. And in the fourth quarter of last year, earnings from Box 2.2 billion Brazilian reals, a decrease of 31.3% compared to the same period in 2021.
Caixa paid the second part of the PLR to 85 thousand employees last Friday (24/3), which is 98% of the bank’s employees. However, a group of 1306 employees will not receive the amount and must return the payment as per the financial institution’s reporting.
Refunds can be made in up to 10 installments to be deducted from the employee’s salary, the first in May.
In a note, Caixa stated that it complies with the terms set out in the Collective Bargaining Agreement (ACT) and that the current management of the bank has not reversed the decision made in the previous direction.
“The profit-sharing payment is due to eligible employees in accordance with Clause 1 of Clause 5 of the applicable Collective Bargaining Agreement (ACT) and, therefore, it does not cover directors and vice-presidents in this case,” the bank explained.
In addition to refunds by employees, Caixa reported that there is still no decision on variable income to be paid to board members and vice presidents of the financial institution based on a performance target. Payment is also linked to the bank’s earnings.
