The recent joint agreement reached in October has brought with it a significant increase in the salaries of commercial employees in Argentina. This agreement, negotiated between the Argentine Federation of Commerce and Services Employees (FAECyS) and the main business chambers of the sector, establishes a salary increase of 8% that will be applied in two non-cumulative installments.
The joint agreement for the commercial employees signed on October 1 establishes that the 8% increase will be distributed in two parts: 4.25% starting in September and 3.75% starting in October. This increase is added to the previous salary adjustments and seeks to compensate for the loss of purchasing power of workers in the face of the high inflation that the country is experiencing.
With this new agreement, the basic salary of a commercial employee is adjusted as follows: September: $496,393.67. October: $551,679.34. November: $606,965,012. These values include presenteeism and other benefits agreed to in the collective bargaining agreement.
It is important to note that these amounts may vary depending on the category and seniority of the employee. The agreed wage increase has a significant impact on the income of commercial employees.
This sector, which employs more than 1.2 million workers throughout the country, has seen its salaries eroded due to inflation and the devaluation of the peso. The new agreement seeks to mitigate these effects and improve the purchasing power of workers.
The reactions to joint agreement They have been mixed. On the one hand, union representatives have celebrated the increase as an important step to protect workers’ incomes. Armando Cavalieri, general secretary of FAECyS, highlighted that the agreement is a significant advance in a complex economic context and that the situation will continue to be monitored to ensure that salaries accompany price increases.
Context
On the other hand, some business sectors have expressed concern about the impact that these salary increases may have on the operating costs and competitiveness of companies. However, the business chambers that participated in the negotiations have recognized the need to adjust salaries to maintain social peace and avoid labor conflicts.
He joint agreement It occurs in a challenging economic context for Argentina. Annual inflation exceeds 100%, and the country faces an economic crisis that has seriously affected the purchasing power of workers. In this scenario, wage increases are essential to avoid a further drop in the population’s standard of living.
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