The policies implemented by the Government had an extremely negative impact on the manufacturing sector. The jobs lost were close to 40,000.
Industrial unions assured that in the last quarter 60% of unions registered layoffs and that, in the total of the Government of Javier Milei, 1,000 manufacturing producing companies were closedmostly SMEs. Besides, Since December 2023, 40,000 industrial jobs have been lost.
The information comes from a survey carried out by the Confederation of Industrial Unions of the Argentine Republic (CSIRA), which includes 1,660,000 workersand is based on data from the Superintendence of Occupational Risks (SRT).
In addition to the figure on layoffs mentioned, a third of union representatives reported problems on the part of companies in meeting salary payments. 82% of the unions surveyed indicated that there was a cut in overtime in their sector and 72% spoke of suspensionslicenses and advance vacations for a percentage of workers.
Regarding joint ventures, 80% of the referents stated that The increases were negotiated but approved and paid late. Looking ahead to the next quarter, only 7% of industrial union representatives expect the outlook to improve; For the remaining 93% the situation will be worse or the same as up to now.
In terms of activity, the report reported that 90% of those surveyed perceived a deterioration in 2024while 70% reported a drop in sales and only 3.8% stated that they improved. Production continued the same downward trend.: Almost 80% of the referents indicated that there was a drop in activity and more than 60% reported that this was reflected in fewer work hours.
In addition, For 92%, the use of installed capacity in factories remained bad or worsened with the current Government. Finally, regarding the perspectives following the approval of the Base Law70% said that the impact on the industrial sector will be negative.
Source: Ambito
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