X-ray of collective bargaining agreements: which are the winning and losing salaries in the face of inflation in the era of Javier Milei

X-ray of collective bargaining agreements: which are the winning and losing salaries in the face of inflation in the era of Javier Milei

September 25, 2024 – 15:40

The Government is suggesting to the unions that the next monthly agreements in October should not exceed 2%. This could be done by not approving the agreements.

Ignacio Petunchi

The wage increases for the most dynamic unions were located around the 4.4% average and slightly exceeded inflation (4.2%) by 0.2 percentage points (pp) after the stabilization of the consumer price index (CPI).

The data comes from the Trade Union Panorama from the consulting firm Synopsiswhich emphasized the Government’s request to unions that the next monthly agreements in October do not exceed 2%. Although it is a recommendation, for the moment, from now on it could be made effective through the non-homologation of the agreements.

X-ray of collective bargaining negotiations: which unions lost out to inflation in the Javier Milei era

The Most thriving unions between December and Julymanagement of Javier Mileithey came to increase 158.2% in front of a cumulative inflation of 134.5%. In this way, the salaries that increased the most gained by 23.7 pp to the CPI. Meanwhile, the unions that lost the most did so by up to 63.1 pp in this period.

Union by union, how much did salaries increase between December and July:

  • Union of Mechanics and Related Workers of Motor Transport (SMATA) closed increases by 158.2%
  • Gas station attendants increased 149.4%
  • Metallurgical Workers Union (UOM) advanced 144.6%
  • Banking They climbed 142.2%.
  • Feeding climbed 139.9%
  • Union of Tourism, Hotel and Gastronomic Workers of the Argentine Republic (UTHGRA) increased 139.1%
  • Truckers rose 137.4%
  • Health advanced 121.6%
  • Construction Workers Union climbed 113.3%
  • Trade increased by 113.2%
  • Union of Civilian Personnel of the Nation (UPCN) went up 72.7%
  • Railwaymen climbed 71.4%

In addition, the Synopsis Trade Union Overview highlights that the stabilization of the inflation around 4%which has achieved that the majority of the collective bargaining agreements of the so-called large unions will come to the fore in the race between wages and inflation.

“The Government is telling the unions that it wants the monthly agreements for October not to exceed 2%. For now, this is a suggestion, which could be put into effect by not approving agreements,” the report said.

Source: Ambito

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