Home South AmericaUruguay The salary adjustment that more than 600,000 private workers will have after June inflation data

The salary adjustment that more than 600,000 private workers will have after June inflation data

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Wednesday was known a new inflation data, and with it It is possible to know how much is the corrective salary that some 625,000 workers in the private sector will receive.

He point These are the salary agreements that were signed in mid-2021, and that expired on June 30, 2023, within the framework of the Ninth Round of Collective Bargaining.

Within this universe of 160 tables there are different realities. On the one hand There are groups that in their agreements agreed to pay annual corrections (two in 24 months), and other groups that established a single payment after two years.

annual corrections

In this case, those who have annual corrective payments already received a first payment in the middle of 2022, and now they will have a second, due to the difference between the increases received and the inflation observed between July 2022 and June 2023.

In those 12 months the accumulated inflation was 5.98% and in that period the increases due to expected inflation were 5.06%. In this way and taking a general case, the corrective would be between 0.9% and 1%, according to calculations of The Observer.

This group includes some 100 tables with workers from sectors of the tradesuch as stores, supermarkets, household items, construction sites, food retail, warehouses, self-service chains, opticians, wholesale stores and parts houses.

There are also workers domestic service, Industrial ice cream shops, wheat mills, liquor stores, beverages, noodle factories, refrigerating industry, cold meat industry, graphic workshops, metallurgical, auto parts, plastics industry, savings and credit cooperatives, insurance companies, afap, forestry, horticulture, hatcheries of birds and beekeeping.

In addition, high turnover hotels, pensions, food chains, escort services, personnel suppliers, cleaning companies, advertising agencies, accounting studies, health, hairdressers, union and social entities are added.

Also on the list are rural activities (livestock, agriculture, dairy farms and related activities). Also insurance companies, transportation of valuables, industrial bakeries, confectioneries, knitting and tanneries, among others.

24 month corrective

There is another segment of activity groups – they are a minority – that have stipulated a single corrective for inflation that is activated at the end of the agreement. This is because when they negotiated in 2021 they did not deviate from the pattern of the Executive Branch, or because they did not reach an agreement when in 2022 The government suggested that employers and workers negotiate the advance of this payment, in a context of rising inflation as a result of the war in Ukraine.

For this case, it is necessary to calculate the accumulated inflation of the last 24 months, which was 15.8%, and the increases perceived in that period, which were 10.9%.

This gives as a result that the corrective to receive for past inflation will be in the environment of between 4.4% and 4.5%, according to calculations of The Observer.

Within this group there are trade workers, such as bookstores, photo houses, dentists, motorcycle sales, music houses, medical equipment and drugstores. Also service stations, dry cleaners, tgreen area workerscustoms brokers, mechanical workshops, vclothing, footwear, industrial catering, fish processing plants and sawmills, among others.

When is it charged?

The payment of these corrections will be made effective with the remunerations of July, which are collected in August. There may be cases where the date and method of payment also have variations.

In addition, as there are differences between the agreements regarding the adjustments already granted, the corrective percentage may have small variations with the number handled in this note.

On the other hand, there are activities that they have a clause that conditions the payment of the corrective for inflation to the evolution of sectoral employment. If the number of BPS contributors had decreased after the last two years, they would receive only 60% or 80% of the percentage that would correspond to them under normal conditions, for example.

The page of the Ministry of Labor has all the minutes of published agreements and you can consult the details of each sector in particular.

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