The banking union announced this Thursday a new salary agreement with the business chambers of 2.7% for October, equivalent to the Consumer Price Index (CPI) and established that this adjustment mechanism will be maintained until February 2025. So far this year, the sector has had a cumulative increase of 107%.
In addition, they agreed to pay the 2.7% difference on what has already been received as compensation for the Banking Day.
With this increase, the Minimum wage for bank workers amounts to 1,492,602.84 pesosadded 74,159.14 per Profit Share (ROE)which determines a total amount of 1,566,761.98 pesos. The update corresponding to October will be paid together with November salaries.
In November, December, January and February, the same salary adjustment mechanism will be used: the inflation number released by INDEC will be taken into account month by month and salaries will be increased to the same extent. In March, the parties will meet again to negotiate other updates.
“The parties undertake to continue negotiations in the second half of March 2025, on the update of gross, normal, habitual and total monthly remuneration, remunerative and non-remunerative, including conventional and non-conventional additional remuneration, and Banker’s Day”, expressed from the Banking Association, the union directed by Sergio Palazzo through a statement.
Finally, they highlighted: “We guarantee the application of monthly inflation indices so that bank workers do not lose against inflation, safeguarding the purchasing power of our constituents.”
Source: Ambito
