The head of the Argentine Industrial Union (UIA), Martín Rappalini, He analyzed the government’s economic plan and denounced that per month, on average, ““1,000 to 1,500 jobs in the industry” are lost. As detailed, the fall is held at these levels from “March onwards.”
The numbers that concern the UIA
Rappallini said that, due to the fall in consumption in the country, some sectors presented losses that revolve around 15% or 20%. “This occurs in areas such as construction, leather or footwear. Other sectors are recovering, such as pharm and food “precise about the trend in different industries.
However, beyond the recovery of some particular sectors, the head of the UIA said that, in reference to the loss of employment, from the union see “that month by month there is a loss of 1000 to 1500 jobs Average in the industry. “And then added:” That comes from March onwards. “
In this scenario, the businessman said that, from April onwards, they see the “Ameted” numbers.
Despite stating that the opening of imports impacts the sector, Rappallini dismissed that this is the Main cause that explains the loss of employment: “Import impacts, but we are more concerned about the activity. At other times of openness it affected and lost sales, but we are more concerned about the activity. “
“In some cases there is an important fall: in construction materials there is a 30%drop, in textile and footwear the same,” said the head of the Union. “The focus is the fall of the activity,” he said.
In response to this situation, Rappallini explained that companies must carry out “suspension mechanisms” to ensure operation and not have to close its doors. In many cases, they lead to Reduction of the days and/or the salary of employees.
“When you have an activity that does not recover and you have costs that are very high to pay agreements in which you pay a part of the salary and do not pay contributions, for example, they are normal things,” he deepened.
On the future of the Argentine economy, Rappallini highlighted the importance of discuss a new labor reform. “Tax reform is necessary, we have been saying it years ago. The court must be level because in the normalization of the economy you have to match conditions. In the last 20 years we accumulate distortions that must be corrected“He explained.
As a conclusion, the head of the UIA stressed that, since the arrival of the libertarian leader, the country is going through a “normalization of the economy” process and stressed that “we must focus on microeconomy.” In this sense, he reinforced: “You have to take into account the activity so that it does not fall and one can work. “
In June, the industry returned to the level it had 20 months ago
The industrial activity in June recovered the same level that showed in November 2023, at the beginning of the Government of Javier Milei, according to data released by the Argentine Industrial Union. This waythe sector returned, after 20 months, to the starting pointafter a period marked by the Fiscal adjustment, import liberalization and exchange backwardness.
“June data indicate a rise in industrial activity around 12% year -on -year and monthly compared to May 1%”said the Center for Economic Studies of the UIA (CEU) in its latest report. The survey also warns that “with these data, the industry is located on average at the November 2023 levels.” However, he clarifies that “It is still below June of that year (-11%).”
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The CEU emphasizes that interannual recovery responds largely at the low level of comparison that left the first half of 2024. However, the improvement occurs in a context of strong sector disparity.
Among the Rubers with better monthly performance figure the grinding, while The construction showed a moderate recovery, with a 4.9% rise in cement offices. Even so, the activity of the sector remains depressed and It remains more than 20% below of the June level last year.
On the contrary, The automotive industry recorded a 10.9% drop compared to May, affected by a smaller amount of business days. Also The patenting of industrial machinery (-27%) descended and the production of drinks (-12%). To a lesser extent, the consumption of electricity by large industrial users, with a decrease of 1.2% monthly and 9.6% year -on -year.
The report emphasizes that, due to the low activity that characterized 2024, a key reference to analyze performance is the comparison with the same month of 2023. In that context, the data show pronounced setbacks: Cements (-24.7%), cars (-19.9%), energy consumption (-9.6%), industrial machinery (-9.9%), imports from Brazil (-17%) and drinks (-18%).
In contrast, only two indicators exceed the levels of two years ago: the settlements of agribusiness, with an increase of 134%, and exports to Brazil, which grew 18.5%.
Source: Ambito
