the guild of banking led by Sergio Palazzo, closed a joint venture of 94.1%, after his salary negotiation was reopened in the Ministry of Labor three days ago and with which the salaries of the sector will be above inflation.
Unlike what has happened with other guildsthe sector of banking achieved a quick and fluid negotiation, with which it was agreed that the basic price in December will reach $237,393.03 and that there will be a revision in the same month.
The salary increase of 94.1% for the banking It will be distributed in four sections as follows: 14% retroactive to September, 10% in October, and 10% in November; while, in December, it will be completed with 9%. In addition, the parties agreed on a bonus of $185 thousand for the National Banking Day.
The leaders indicated that this salary recomposition “will be applicable to current income as of December 2021, so the initial salaries of bankers (including participation in Profits -ROE-) will be 201,924.72 pesos in September, 214,155, 18 in October, 226,385.63 in November and 237,393.03 pesos in December.
Last week, the board of directors of the Banking Association led by Sergio Palazzo, had asked the Ministry of Labor to call the parties to the meeting to update salaries due to the inflationary situation.
Consequently, after only three trading days, the increase agreed between the guild and the representatives of the employers’ chambers: Association of Public and Private Banks (ABAPPRA); Association of Argentine Banks (ADEBA); Association of Banks of Argentina (ABA); the Specialized Banking Association (ABE) and the authorities of the Central Bank of the Argentine Republic (BCRA).
The extras of the sector
To the increases set in the parity yesterday, additional ones must be added for secondary and tertiary titles, seniority, cash count, both in pesos and in foreign currency, snacks, day care and unfavorable areas.
In this regard, the Banking Association stated: “it maintains the premise of guaranteeing in all parities the defense of the purchasing power of each bank worker.”
