Entrepreneurs and trade unionists agreed monthly increases of 1.7%, when the expected inflation for the period is located at a slightly higher level.
Businessmen and trade union representatives of trade employees on Tuesday agreed on a cumulative quarterly increase of 5.1% for the salaries of the sector during the first quarter of 2025. In this way, the Basic salary will reach $ 1,050,000with presentism included.
The increase was sealed after the meeting held by the Argentine Federation of Employees of Commerce and Services (FAECYS), together with the Argentine Chamber of Commerce (CAC), the Confederation of the Medium Company (CAME) and the Union of Commercial Entities (UDECA ). The agreement corresponds to the parity that goes from March 2024 to April 2025.
The adjustment will be distributed in 1.7% monthly increases. In this regard, Armando Cavalieri, general secretary of Faecys, said: “With this agreement we seek to ensure that the salary of workers maintains their purchasing power against the complex current economic situation. It is essential that salaries conform to the rhythm of prices to avoid loss in the quality of life. ”
“We are attentive to the evolution of the labor market and We are concerned about the growing trend of unemploymentwhich is reflected in different employment indicators, ”he warned.
Commerce was one of the sectors most affected by the recession
The latest available data of the monthly Economic Activity Estimator (EMAE) showed that trade cut its year -on -year fall in November. Even so, In 2024 he accumulated a 9% contractiononly surpassed by construction and manufacturing industry.
In terms of employmenta recent report by the Ministry of Labor showed that the trade had an increase of 0.4% in its registered jobs, during October. Regarding a year ago, it suffered a loss, although less than that of other items such as construction, hotels and restaurants, community, social and personal services, manufacturing industries and transport, storage and communications.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
