The joint agreements reached by the large unions made income beat inflation this year, according to a survey by the consulting firm Synopsis.
Salaries for private sector workers covered by major unions recovered during 2024. The joint agreements reached by the large unions meant that, after 2023 in which they generally regressed, income will beat inflation this yearaccording to a survey by the consulting firm Synopsis. The situation is very different for employees in the public sector who suffered a marked cut in their salaries.
The greatest recovery was made by mechanics (SMATA) with a real increase of 38%followed by the guild of Parking drivers, increase of 19%, Food with 17% and Truck Drivers, 15%according to the calculations of the consulting firm that directs Lucas Romero.
Metallurgists (UOM), for their part, had an increase of 11% and those in charge of buildings (SUTERH) an improvement of 8%. The large union of commercial employees had a recovery of 4%, the same percentage as workers Even construction workers (UOCRA), an activity that had a sharp drop in the year, recovered 7%.
At the other extreme, the big losers were the State workers: Public employees (UPCN) lost 19% and railway workers had a drop of 24%.
Decreasing adjustments
In line with the fall in the inflation rate, the average of joint agreements continues its downward trend and during this December they were located at 39% annually, the lowest value since the beginning of 2021. It is worth remembering that, at the maximum, salary agreements reached 234% last February.
The report shows that all of the agreements surveyed are again within three months at most. However, it also indicates that a process of normalization of the joint discussion continues to be observed, which includes the possibility of making agreements for a period of more than one quarter. This possible extension of the joint negotiation “is a clear reflection of the inflationary deceleration.”
Worry
Despite this reduction in the agreed increases, In the Government there is concern that the salary recomposition will impact the inflation rate. In this sense, the Ministry of Labor did not approve the latest Truckers agreement.
The union requested a 15% quarterly increase for the period December 2024-February 2025, and a bonus of $650,000. The chambers offered 8% and a bonus of $600,000. However, the Government is not willing to approve increases that exceed 1% monthly from 2025according to Synopsis.
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Source Synopsis
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Source Synopsis
Source: Ambito
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