The Argentine Federation of Commerce and Services Employees (FAECYS)Next to the Argentine Chamber of Commerce (CAC)the Confederation of Medium Enterprises (CAME) and the Union of Commercial Entities (Udeca)signed this Thursday a joint agreement for the months of June, July and August, reaching a basic salary of $858,200, with presenteeism.
The agreed increase is made up of a 5% increase for June, 4.5% for July and 4% for August. The same corresponds to this year’s Commerce parity, which runs from March 2024 to April 2025.
The general secretary of FAECYS, Armando Cavalieristressed: ”It is essential to maintain constant monitoring of the economic and employment situation to ensure that salary adjustments remain effective and are not overtaken by inflation. Our priority is to protect workers’ income and ensure stability in the sector.”
In addition, he added that they will continue to “pay attention to the dynamics of the labor market and we see with concern the increase in unemployment that is beginning to be reflected in some indicators, although it is true that we come from a historically low level of employment,” as well as He also assured that the ”agreement It is an important step to ensure the purchasing power of our workers in a complex economic context.”
Paritarias UOM: the union agreed to an increase of 18.1% for workers
The Metallurgical Workers Union (UOM) reached a new collective bargaining agreementin which he defined an increase in 18.13% for all workers.
The agreement between the Association of Metallurgical Industrialiststhe Association of Argentine Electronics Terminal Factoriesthe Federation of Industrial Chambers of Household Appliancesthe Chamber of Small and Medium Metallurgical Industrythe Argentine Chamber of the Aluminum and Related Metals Industry and the Association of Argentine Component Factories will be made effective in three installments, retroactive to April.
UOM collective bargaining: How will the 18% increase for metalworkers be paid?
He metallurgical union agreed that the The increase will be carried out in three stages and retroactive to April, will be:
- 7.5% in the fourth month of the year.
- 3.6% for May.
- 3.6% of June.
In this way, the June salary will be 18.13% accumulated. It will be settled under a non-remunerative and cumulative additional amount that will reach a total greater than the sum of all the separate amounts.
Corrections must be applied to all concepts with a 5.5% of social and union discountas overtime, vacations, toadditional, Annual Supplementary Salary (Christmas Bonus).
The agreement must still be approved by the Ministry of Labor and Social Welfare through a resolution in the Official Gazette. At the same time, the peer review will only reach the Branch 17.
