The oil company hired an international consulting firm that determined that the directors' remuneration was below the market. The Board of Directors will submit the proposal to the Assembly next Friday, April 26.
Unlike other companies in which the national State is a participant, YPF does not contribute money. The oil unions this week closed a parity of 287% year-on-year, which equals the inflation in the last 12 months. If previously an "informal" employee earned $100, at the beginning of 2024, they would receive $63.30, according to data from the Salary Index of the Salary Index of Argentina. The energy industry is one of the least affected by the deep income crisis for workers in Argentina. It recorded on average a real loss in income of 20.7% in January, a drop that, in the case of unregistered employees, reached 36.7%. The company operates as a private Limited Company (SA) and is 51% owned by the State and 49% by private shareholders.