The Banking Association (AB), led by Sergio Palazzo, obtained a peer review 2023 -signed last May- and achieved extend the salary increase until August to 75%which raises base salary to nearly $420,000 (including Profit Sharing).
“On the day of the date and in a very difficult economic context, we were able to agree with the banking business chambers on the salary increase for the month of August. It consists of granting a advance of 9% on all remunerations and additional conventional and non-conventionalbased on salaries as of December 2022, reaching an increase of 75%between January and August 2023,” La Bancaria said in a statement.
Likewise, the union signed with the banking chambers a retroactive trigger clause. “This clause establishes that in the event that inflation in August exceeds 75%, the companies will adjust the difference, making said percentage retroactive to the month of August,” he said. The goal of parity readjustment Its objective is that wages “do not lose purchasing power against inflation”.
Also, the union requested that the banks “Advance the second installment of the agreed bonus in the month of March 2023”. The chambers will transmit said request to their associated banks.
Thus, A date was set for the second half of September, to discuss the salary increase corresponding to the last four-month period of the year.
Banking: how much will the basic salary reach
Based on this agreement, for the month of August, the initial bank minimum salary would be composed as follows: Starting Salary + Earnings Share (ROE): AUGUST $405,222.32 + $14,642.49 = $419,864.81.
With the agreed setting, the bonus corresponding to the banking day is established so far at $361,241.68.
On the other hand, La Bancaria clarified that “the fixed sum established by the National Government, as indicated in said decree, is absorbed until its concurrence if applicable, in accordance with said regulations.”
“The Banking Association continues to maintain the premise that workers should not be the adjustment variable of the economy, safeguarding the purchasing power of our salary”the statement concluded.
Source: Ambito
