Juan Manuel Barca
Updated 08/03/2021 17:29
Due to inflation, the trade union signed this Tuesday a rise of close to 42% for 1.2 million employees.
The agreement reached in the Ministry of Labor contemplates an extraordinary non-remunerative sum of $ 4,000 in the second half of August and an additional 9% non-remunerative increase in November, which will be incorporated into the basic salary in January.
The joint venture was reopened in July at the request of the union headed by Armando Cavalieri.
After closing a 32% increase in four tranches in April (8% in May, 8% in September, 8% in January 2022 and 8% in February of that same year), the union member demanded the revision of the agreement to restore the wages in line with other private sector activities.
"With the update of the agreement, which includes the new percentage and the fixed amount agreed only once, the total increase climbs to an annual increase of 42%," the union said in a statement after the signing of the understanding with the Argentine Chamber of Commerce (CAC), the Argentine Confederation of Medium Enterprises (CAME) and the Union of Argentine Commercial Entities (UDECA).
According to the minutes of the agreement, the one-time sum of $ 4,000 foreseen for this month will be paid under the name "Extraordinary Non-Remunerative Allowance" and will be proportional to the working hours completed, for which workers with reduced hours or under a suspension will receive a lower amount.
In turn, the 9% non-remunerative increase in November will be integrated into the basic salary and will become remunerative in January, when the next revision of the salary agreement is scheduled.
And it was decided to extend between July and December of this year the agreement that allows companies to pay 75% of the salary to employees with a work exemption.
At this time, the Government encourages the review of those parity that have been out of date in an attempt to reactivate consumption prior to the elections.
The idea is that the unions ask for the reopening when the increases approach the accumulated inflation.
That was what happened with Bancarios y Porteros, which closed 43% and 45%.
The first signal came from Cristina Kirchner and Sergio Massa, when at the beginning of June they signed a 40% increase for employees of Congress, a gesture that was later seconded in the private sector by Truckers (45%).
On Friday, Health (45%) was added and on Monday it was Construction's turn (47.8%), raising the bar for parity fees.
With the agreement in Commerce, the most important parity in number of employees was closed, whose basic salary will be $ 81,458 in February.
In the first seven months, inflation is estimated to have accumulated 29%.
The advance in prices triggered the early review of the agreements, including the advancement of minimum wage quotas.
News in development.
News in development.