A report prepared by the Argentine Industry Union (UIA) shows that in April 2024 the industry experienced a 14.2% drop and they were lost, at the national level, 15,000 jobs. Diario UNO consulted the Mendoza businessmen Mauricio Badaloni (member of the UIA Executive Committee) and Julio Totero (director of IMPSA for the part that corresponds to the provincial Executive).
They both agreed that in Mendoza, not many jobs have been lost, since he greater impact the sector has experienced it automotive, cement and agricultural machinery.
However, they highlighted that there has been a great difficulty so that he sector grows and jobs multiply.
Another aspect in which they argued in a similar way was the need – for the sector they represent – for the approval of the Bases Law and especially of the Incentive Regime for Large Industries (RIGI) as a key factor to reactivate industrial activity in particular and the economy in general.
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For the moment, both Badaloni and Totero stated that a large number of jobs have not been lost in Mendoza.
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In Mendoza, the trend is not decline but stagnation
Both Badaloni and Totero explained that Mendoza is not in the area where the most jobs have been lost, because the worst situation is in the center of the countrywith the suspension of employees in the automotive and the fall of patenting agricultural machines.
In Mendoza, Totero explained that the impact has not been that important, but that If this continues, job losses could be recorded in the next three months.
While Badaloni stated that what is most recorded in the province is a leveling off of the industry, and assured that in order to grow, the definitive sanction of the Base Law and, above all, the implementation of the RIGI is necessary. This idea was supported by Totero, who also stated that without stable macroeconomic conditionsthe results are not going to improve.
“We need the political class to understand us. It is not that the industry is expelling people in Mendoza, but we do need the leverage of the Bases Law through the sanction of the RIGI so that new jobs are generated, and this will come when the investments arrive or the banks provide more loans.” .
Disheartening data on the fall of the industry shown by the UIA
As noted above, according to the UIA report industrial activity collapsed 14.2% in April and more than 15,000 layoffs were accumulated in the sector.
However, there was a 4.5% rebound compared to March, and this could have to do with the fact that March was the month in which the industry fell the most precipitously. In any case, the fall in industrial activity has already been eleven months falling uninterruptedly.
He first quarter accumulated a decrease of 12.4% year-on-year and, according to the UIA, May data reflects that the year-on-year decline persists.
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It should be noted that there were pronounced declines in the sector Automotive (-27.9%), in Cement Shipments (-27.1% yoy) and in the Agricultural machinery patents (-22.9% yoy).
Demand for electric power of Large Industrial Users fell again significantly (-11.3% yoy).
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